SMART BCR – Unnamed secured loan for refinancing loans contracted from other banksSMART BCR – Unnamed secured loan for refinancing loans contracted from other banks

Simple and efficient

Advantages

  • Refinancing any type of loan you have, granted by other banks 
  • You can benefit from an interest discount of 0.2 pp if you come with your salary to BCR
  • You have one single monthly installment, which is lower, and at one single bank
  • You can get extra cash, which you can use as you choose to
  • You get to choose the currency which is more convenient for you, RON or EUR
  • You can chose a fixed interest, over a 2 years / 5 years’ period

 

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Characteristics

  • Purpose: it is granted for refinancing the loans contracted with other financial institutions (other than BCR)
  • Currency of the loan: RON, EUR
  • Minimum amount: EUR 5,000 (or RON equivalent)
  • Maximum amount: EUR 500,000 (or RON equivalent), depending on the reimbursement capacity and on the established collaterals, without exceeding 85% of the market value of the real estate (existing building and/or land located inside the urban boundaries) to be established as collateral, or 90% of the value of the cash collateral deposits/deposit certificates/state bonds/bank letters of guarantee.
  • Maximum term: 25 years/ 30 years, depending on the client’s risk profile and if minimum 60% of the amount if the new loan represents a mortgage loan.
  • Down payment: not required
  • Real securities:
    • Mortgage
    • Cash collateral deposits/discounted deposit certificates/deposit certificates to bearer established in BCR’s system/state bonds/bank letters of guarantee
  • Insurances:
    • Real estate insurance policy; BCR offers for free the insurance policy for the immovable asset, with BCR Asigurări Vienna Insurance Group, for the entire financing period
    • Complex insurance based on the clients’ option. The complex insurance covers the following risks: death, total and permanent infirmity, temporary disablement and involuntary job loss
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Interest and fees

Interest and fees [pdf; 58.8 KB]

For details pls. call InfoBCR for free:

0800.801.BCR (0800.801.227) from any national network, daily, between 8.00 – 22.00, send a SMS with the text “Refinancing” to 1780, normal tariff or an e-mail to contact.center@bcr.ro.

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