News from Garanti Bank
Garanti Bank approved the first loan within "Prima Casa" Program
25.08.2009 – Garanti Bank approved the first loan within "Prima Casa" Program. Its value is EUR 57,000, is granted over 30 years and will be used for the acquisition of a 2-room apartment. The interest rate for this loan is 4.89% (APR 5.38%, including 0.37% administration fee due to FNGCIMM), while the monthly instalment will be EUR 303.
Garanti Bank does not charge any analysis fee, early repayment fee, monthly administration fee or management fee.
Loans within „Prima Casa" Program may be granted in RON or EUR, from 3 to 30 years. The beneficiaries of such loans may be between 18 and 67 years old, while the minimum needed monthly income is RON 650 or EUR equivalent. The bank accepts as income salaries, salary-related revenues, income from rents, copyright, management/advisory/agent agreements, professional activities, dividends etc.> The maximum indebtedness ratio is 70%.
The Bank requires the setting-up, in advance, of a deposit having a value equal to the interest rate for the first three months that the loan beneficiary has to pay. Co-debtors for this loan may be 1st and 2nd degree of affinity relatives.
The limit granted to Garanti Bank by FNGCIMM within "Prima Casa" Program is EUR 3.4 million.