Promotional campaign for BRD mortgage loans, with guaranteed gifts of RON 800 or RON 400

22 Jun 2014

Until October 19, BRD has a promotional campaign for mortgage loans in RON and EUR. Customers willing to get a mortgage loan during the campaign will receive a Gift Card worth RON 800, if the domicile their revenue in a BRD account, or RON 400, if they don’t choose this possibility.

The bank offers two types of interest rates:

Fixed for the first 7 years – the longest period with a fixed interest on the market – and variable afterwards, according to Robor 6M and Euribor 3M indexes
Variable for the whole period, according to Robor 6M and Euribor 3M (Robor 6M + 2.25%, or Euribor 3M + 5%)

Interest rate type	Customer domiciles revenues at BRD*		Customer doesn’t domicile its revenues at BRD
	APR		APR
	Lei (180,000 Lei/30 years)	Euro (40,000 Euro/30 years)	Lei (180,000 Lei/30 years)	Euro (40,000 Euro/30 years)
fixed for the first 7 years, variable afterwards	6.50%	5.83%	6.76%	6.11%
Variable for the whole period	5.65%	5.75%	5.77%	6.01%

APR includes life insurance

Euribor 3M: 0.223%, Robor 6M: 2.78% on June 16, 2014

*customers who domicile revenues in BRD accounts, in the framework of payrolls

„Offering Gift Cards we want to cover partially the various categories of expenses connected to the purchase of a home”, said Adrian Jantea, Commercial Director responsible for retail customers with BRD.

According to BRD statistics, the major part of acquisitions made between 2007 and 2014 with the help of mortgage loans were in blocks of flats (70%), but only 20% are in newly built blocks. 15 % of the properties bought are houses, 30% of them being newly built.

The geographical distribution of loans highlights the western area of the country (Transilvania, Banat, Crişana, Maramureş), with 41% of the total loans, followed by Bucharest, with 19% of loans, Muntenia (without Bucharest), with 24% and Moldova, with 16%. The average value of loans is of EUR 51,000.

The crediting period chosen by the major part of the customers exceeds 20 years, 40% of the financings being granted for 30 years.

The major part of the customers (approx. 31%) are 25 to 30 years old, almost 65% are married and 70% do not have children. 43% of the customers who obtained a mortgage loan came with a downpayment of 15 to 25% of the total amount of the loan, and more than 30% of the applicants have monthly revenues exceeding RON 5,000, net.

BRD-Groupe Société Générale is the second bank in Romania considering the total assets’ volume and the first one in terms of major corporate clients and syndicated facilities. BRD - Groupe Société Générale has 2.3 million customers and operates a network of approximately 880 units. With over 2.3 million valid cards and a network acceptance over 21,600 POS, and 1,500 ATMs, BRD is no. 1 on the Romanian card market. With factoring operations of EUR 918 million in 2013, BRD is the leader of the factoring market.

BRD is part of the Société Générale Group, one of the largest European financial services groups. The group has 148,000 employees in 76 countries and 32 million customers worldwide in its three key activities:

Retail banking in France
International retail banking, financial services and insurance
Corporate & Investment banking, private banking, asset management and investor services

Search form

Promotional campaign for BRD mortgage loans, with guaranteed gifts of RON 800 or RON 400