How is ROBOR/IRCC calculated?
First of all, it is good to know that starting from May 2, 2019, in the case of variable interest loans in RON granted to natural persons, the ROBOR index has ...
What is IRCC, ROBOR, EURIBOR or LIBOR?
IRCC, ROBOR, EURIBOR and LIBOR are verifiable reference indices and represent the average interest rate for loans in RON, EURO, USD and CHF. ➤ IRCC ...
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 ...
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 IRCC?
IRCC is the reference index for loans with variable interest granted in LEI and which, starting from May 2, 2019, according to Emergency Ordinance 19/2019, replaces ...
Why are interest rates correlated with ROBOR?
It is simple: it was the decision of the Romanian State, which in 2010 legislated through Emergency Ordinance 50 (EO 50) the conditions under which loans can be granted. 🙂Thus, ...
Is the Prima Casă loan calculated based on the IRCC or Robor index?
The Prima Casă loan is linked to the IRCC index. 🙂 IRCC is the reference index for variable interest rate loans granted in LEI and which, ...
How is the IRCC index calculated?
The reference index for loans granted in lei with variable interest rate is published every working day on the website of the National Bank of Romania. ...
Is there a possibility that the IRCC index is higher than ROBOR, thus the loan costs will increase and not decrease?
Given that the IRCC index was recently introduced in legislation, it cannot be said with certainty what its evolution will be, the current trend is ...
How do ROBOR / IRCC influence interest rates?
Variable interest rates in RON are influenced by ROBOR 6M / IRCC because they are composed of ROBOR 6M / IRCC + a fixed margin of the bank. 🙂In the case of loans with ...
How does the current interest rate evolve during the term of the loan?
During the course of the loan, the current interest rate level may change depending on the evolution of the reference index:➤⠀IRCC* / ROBOR* for ...