Romanian Lender BCR Launches Variable Interest Loans Linked To ROBOR, EURIBOR Rates

BCR, the Romanian unit of Austria’s Erste Bank, also launched products with a fixed interest for consumer and mortgage loans in Romanian leu and euro.

As for non-secured consumer loans, BCR eliminated the analysis fee and the monthly administration fee and will apply a single initial fee, of 3% of the loan value, and a single monthly fee, the risk management fee, worth 0.35% of the loan value.

For secured loans, BCR will level off the loan granting fee at 2.5%, irrespective of the type of interest or foreign currency.