Only 5% Of Romanians In Urban Areas To Seek A Loan This Year – Survey

Some 34% of Romanians in urban areas have at least one form of loan. Most of the credit comes from bank loans.

Regarding loan intentions, 89% of Romanians do not intend to take out a loan this year, and only 6% plan such an action. Bank loans are targeted by 5% of individuals, while 2% of Romanians plan a leasing loan and 2% seek in-store credit.

Most loans will be contracted from banks, for five to six-year intervals and monthly payments of some 600 lei (EUR1=RON4.3537).

The bank loans will mostly target the redecoration (23%) or purchase of a home (15%), while other goals include refinancing, coverage of expenses, buying a car or education.

The study will be published on July 6 within the conference Mediafax Talks About Banking.

Mediafax is the largest supplier of general and business information in Romania. The agency was founded in 1991 and it is part of Romania’s largest media group, MediaPro.