Home purchase loan

The purchase of a house can be done through two types of loans: mortgage or real estate loan.

Loan destination:

  • Through a Mortgage loan you purchase a house, which you bring as collateral to the bank, for your loan;
  • Through the Real Estate Loan, you buy a house and you pledge another house as your property / you pledge the house you buy

Characteristics:

  • Loan period: maximum 35 years
  • Age, between 20- 70 years
  • Maximum amount EUR 1 000 000 (in RON)
  • Interests: fixed for 5 or 10 years and variable later, or variable right from the beginning
  • Variable interests are calculated according to the formula: fixed margin for the entire duration of the loan agreement + CLB (Consumer loan benchmark) every 3 months
  • The CLB is established by the National Bank of Romania and its evolution can be followed on www.bnr.ro

Etapele dosarului tău de credit

1

Offer presentation:

  • You: come to us, give us details about the desired loan, the value of the property brought as collateral, your income, other rates
  • We: make calculations, we present you the most advantageous loaning solutions suitable for you, we answer all your questions related to offers. Ready! You have chosen and we are moving on.
  • File: together we prepare the necessary documents for your file; we provide you a list of the documents needed from the employer and with the ownership documents of the property brought in the bank's guarantee, together we fill in the bank's forms, we estimate the time necessary for each stage of the file.
2

Financial analysis:

  • We: send the file for the bank's financial analysis, we support your file so that you receive financial approval quickly, without adjustments, we keep you up to date with the analysis
  • The bank: gives the financial approval or not
  • You: It is important to remember: choosing a bank with financial approval, ensures the approved loan amount for a period of time (between 30-90 days)
3

Legal analysis of the property:

  • You: send us the documents of the property to be purchased by email (according to the list we provide you)
  • We: we ensure that the real estate documents comply with the bank's requirements and we send them for analysis to the bank's legal department; we support the file if additions / mentions are required
  • The bank: analyzes the documents, requests completions or not, sends us the legal agreemen
  • We: we inform you that you have received the legal agreement, the cost of the evaluation and the estimated time of the evaluation
  • The bank: requests the evaluation of the property and after receiving the Assessment Report, analyzes it, gives its consent for the guarantee of your property or not; finally approves your loan.
4

 Signing the contract:

  • We: we inform you that your loan has been approved and we prepare the signing (we ensure detailed and fast communication between the bank, notary, seller, buyer, insurer, so that all parties know the details of the signing, the costs specific to each, the place and date when the contracts are signed; we ensure that you receive a draft of the contract, at least one day before the sale, to report any possible errors.
  • You: allocate time for signing the contract
5

Transferring the money into the account and taking possession:

  • The bank: after verifying the fulfillment of the loan withdrawal conditions, transfers the money to the seller
  • We: ensure that no blockage occurs in the process of signing and transferring the money
  • You: in approximately one week after the sale, you receive the registration of your ownership right in the Land Registry from the notary; you send them to the bank (sometimes money transfer is made only after fulfilling this obligation)

Vrem sa tinem legatura. Primesti notificari cu oferte personalizate, mereu in avantajul tau!

Da, vreau