OTP Bank Romania has signed with the National Credit Guarantee Fund for Small and Medium-sized Enterprises (FNGCIMM) the participation protocol in the fourth stage of the First Home government program. OTP Bank Romania will be able to grant loans worth 9,679,093 euros or equivalent in lei.

OTP Backs Government Housing Program

Customers can access the loan under very advantageous conditions: The lowest interest rate: 5.42% (3-month EURIBOR + 4%), APR 5.56% for loans in euros (For a loan worth 40,000 euros, contracted for 30 years, the APR is 5.56%, the monthly installment is 225.11 euros, the total cost of the loan is 41,110.52 euros, and the total amount paid is 81,110.52 euros); 8.00% (3-month ROBOR + 2.5%), APR 8.30% for loans in lei (For a loan worth 150,000 lei, contracted for 30 years, APR is 8.30%, monthly installment 1,100.65 lei, total cost of the loan 246,234 lei, and the total amount paid 396,234 lei); Guarantee issued by FNGCIMM, covering 50% of the loan value; Maximum repayment period of 30 years; No granting fees, monthly loan administration and early repayment; Free file analysis; Maximum 3 co-debtors, to improve repayment capacity.

OTP Expands with Prima Casa

Maximum amount of 57,000 euros (or equivalent in lei), for loans granted for completed homes or 66,500 euros (or equivalent in lei), for loans granted for new homes, built based on construction permits issued after February 22, 2010; Minimum advance of 5%.

At the date of the loan application, beneficiaries must declare on their responsibility that they do not own any home in exclusive ownership or jointly with their spouse, regardless of the way and time it was acquired, or that they own in exclusive ownership or jointly with their spouse at most one home, acquired in any other way than through the Prima Casa program, with a usable area of ​​less than 50 sq m.