What happens if I do not pay a credit installment on its due date?
If you exceed the due date by 30 days you will be reported to the Credit Bureau, which may affect you in the future, when you want to make a new ...
What is the minimum advance payment I have to make in order to purchase a land?
In case of purchasing a land, the minimum advance payment is 50% of the sale-purchase value. However, keep in mind that the land must be located ...
What is „credit”?
Credit is a loan operation regulated by a contract, through which a bank provides you with a sum of money in exchange for:➤⠀a price ...
What is more advantageous: a line of credit or a working capital loan? What is the difference between the two types of loans?
Both types of credit provide the necessary funds:➤⠀current expenses; ➤⠀refinancing other credits;➤⠀payment of debts to the budget and to ...
What is the difference between variable interest and fixed interest?
➤⠀the fixed interest rate is set at the signing of the credit contracts and cannot be changed throughout the financing period. 📁➤⠀on the other hand, the variable interest rate ...
What is the difference between factoring with recourse and without recourse?
In the case of factoring with recourse, the services provided to the Adherent by the Factor are:➤ advance payment before maturity of a percentage of the invoice value ...
What documents do I need to extend a facility?
Depending on your company's type, you will need the following documents:If the company is LLC, JSC, LLC-D:- The last two financial statements ...
Is there an early repayment commission for the New Home and Real Estate-Mortgage loans?
In the case of loans for real estate purchases, the early repayment fee is ZERO. To repay the loan early you only need to come to ...
Where can I find the BT loan calculator or credit simulator?
On our website, obviously. With a simple tap, you have also reached the credit simulator. 👈Whether you need a:➤⠀consumer loan ...
What is the "Credit Bureau"?
The Credit Bureau is the institution that collects and manages data about loans granted by almost all banks and financial institutions from ...
What happens if I lose my job?
If this happens, it is important to inform us as soon as possible. Together we analyze options such as postponing installments or adjusting the loan, thus ...
What does "bank margin" mean?
Bank margin is a component part of the loan interest which is set as a fixed percentage throughout the contract period. 📑❗⠀If you are thinking of taking ...