What is the difference between a real estate loan and a mortgage loan?
In short, the mortgage loan allows for a wider range of purposes and can have various types of guarantees. On the other hand, the home loan has a ...
If I receive my salary in the BT account, do I benefit from better costs on loans?
Yes. If you receive your salary at BT, you can get a more advantageous interest rate and avoid worrying about monthly payments - the installment is paid automatically, so you don't ...
What happens if I do not have enough money to pay the installment for the loan from the account from which it is automatically withdrawn on the due date?
In this situation, the outstanding balance will be automatically recovered at the first deposit into the current account or will be withdrawn from other current accounts where you have a balance ...
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 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 ...
When do I have to pay the first installment of the loan?
For any accessed Direct Credit, the first installment is paid by the 16th of the month following the signing of the contract.
How is a loan rate calculated?
The rate is calculated based on the type of credit (personal needs, mortgage, etc.), the amount you want to borrow, the period of time you choose to ...
Repayment in equal or decreasing installments?
You can choose what suits you: Equal installments offer you the same monthly amount and predictability; Decreasing installments start higher, but decrease over time and ...
What happens if I do not pay the full amount by the due date?
If you do not pay the total amount spent during the grace period, interest is applied to the remaining payment amount. The standard interest rate is specified in the grid ...
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, ...
What is the crediting period?
The maximum period is 5 years. You choose the duration so that the monthly rate is comfortable for your budget.
Do I have to move my salary to BT in order to refinance a personal loan?
You can refinance a personal loan at Banca Transilvania without being required to transfer your salary to the BT account. However, transferring the salary may ...