What are the stages of a New Home credit file?
A New Home credit file must go through several stages, as is natural. To give you an idea, know that these are:❶⠀Legal analysis - ...
What exactly can I use a working capital loan for?
You can use the credit to pay:➤⠀salaries; ➤⠀suppliers;➤⠀utilities; ➤⠀or taxes to the state budget. Basically, it helps you to have a good ...
For what period is the investment credit granted?
The granting period is a maximum of 120 months. However, a grace period of up to 36 months can be granted. 😊
If my wife is a foreign citizen, can I apply for a New Home loan?
Unfortunately, it is not possible to apply for a New Home credit if one of the spouses is a foreign citizen. 😞 In this case, an alternative would be a credit ...
If I took a loan, can I cancel the contract in case I changed my mind?
Yes, you have a period of 14 calendar days from the date of conclusion of the credit contract during which you can withdraw from the credit contract ...
What is the "repayment schedule"?
The repayment schedule tells you details about your credit, namely, about: ➤⠀the status of the installments; ➤⠀payment terms and conditions; ➤⠀interest payment and ...
During the loan term, can the variable interest rate be changed?
Yes. The current variable interest rate level can change depending on the evolution of the reference index*:➤⠀IRCC;➤⠀ROBOR; ➤⠀EURIBOR; ➤⠀LIBOR.* If you want to ...
If I have had defaults on other loans can I apply for a loan?
Reporting to the Credit Bureau does not imply an automatic refusal regarding the granting of a loan. 😮If there are active arrears, make sure to pay them off ...
What does the grace period of a credit card represent and what costs are paid by the client during this period?
Grace period is the time interval during which you do not pay the credit institution the installments. ⏳The only payments you make during this period are ...
What can I do if my income is not enough to get the loan?
In this case, your income can be combined with:➤⠀those of the husband/wife, ➤⠀or with those of a first-degree relative: parents, brothers or sisters, brothers-in-law, parents-in-law. ...
Am I required to take out a life insurance policy when applying for a mortgage loan?
At Banca Transilvania, the life insurance policy is not mandatory when accessing a mortgage loan, but it is beneficial for you. 😉
What is and how can the "own contribution" be constituted for mortgage loans for real estate investments?
Own contribution is the part with which the entrepreneur participates in the realization of the investment. 😉This contribution can be in the form of money or goods (the land ...