How is the variable interest rate calculated?
This is calculated based on the reference index IRCC / ROBOR / EURIBOR / LIBOR + the bank's fixed margin. 😮The interest is calculated on the balance ...
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 ...
What is the difference between a fixed interest deposit and a variable interest deposit?
➤⠀at a bank deposit with a fixed interest rate, the interest rate percentage cannot change during the contractual period.➤⠀at the deposit with interest ...
What does the “variable interest rate” on loans represent?
Annual variable interest rate on loans is expressed as a percentage and consists of:➤⠀reference index IRCC / ROBOR / EURIBOR / LIBOR;➤⠀and ...
What is IRCC and how does it influence my monthly loan rate?
IRCC is an index established by the National Bank of Romania and updated quarterly. It affects only loans with variable interest: if the IRCC increases, the rate increases; if it decreases, ...
Is it worth refinancing a mortgage with a variable interest rate now?
Yes, it is worth considering refinancing, especially if you can reduce the loan term or lower the monthly payment. Such a change can lead to a ...
Can I choose between fixed interest rate and variable interest rate for the mortgage loan?
Yes. You can choose between fixed interest, ideal if you want stability in the first 2, 3 or 5 years, and variable interest, which adjusts according to ...