BRD Guarantees the Interest for 7 Years on Loans for Real-Estate Investments

For the clients who want a real-estate/ mortgage loan, BRD launches a unique offer on the Romanian market. The main advantage is the fixed interest on a 7 year span, which is not to be influenced on this period by the fluctuation of the monetary indices Robor/ Euribor.

At this moment, the monetary index Euribor is situated at an all-time low. “The fixed interest is an important element for the clients. Therefore, the guarantee of not modifying the interest rate for a period of 7 years offers clients the safety of keeping costs within a range, as well as stability on the long term. At this moment, we are offering the longest duration of fixed interest for real-estate loans”, declared Elena Oprea, Deputy Executive Director of the Marketing and Product Management Department of BRD.

For a loan in Euros, with an upfront of over 25% and a time span of up to 20 years, the fixed interest is of 3.9% in the first 7 years. For a loan of 60,000 Euro over a period of 20 years, the client will pay in the first month an interest of 500 Euros, and an EIR (Effective Interest Rate) of 6,95%.

As for the loans in national currency, with an advance higher than 15% and over a period of up to 20 years, the fixed interest in the first 7 years is of 6.6%. Therefore, for a loan amounting to 270,000 Lei, the client pays in the first month a rate of 2,364 Lei, and an EIR of 8.09%.

In the calculation of the EIR, the life insurance is taken into account.

For information on the offer of real-estate loans can be offered at any of the bank units, or over the telephone, through the MyBRD Contact service (available 7 days a week, between 8.00-22.00), or by calling following numbers: 0800.803.803 (free call in Romtelecom network), or 021.302.61.61 (available from any network).

BRD-Groupe Société Générale is the second bank in Romania by total assets. BRD is part of the Société Générale Group, one of the largest European financial services groups. The group has 154,000 employees and 32 million customers worldwide in three key activities:
- Retail banking in France
- International Retail Banking
- Corporate & Investment Banking