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Bucharest
June 18, 2021
BUSINESS

Millennium Bank cuts interest rate for Cash Loan with Mortgage

Millennium Bank cuts interest rate and increases the financed amount for Cash Loan with Mortgage, a press release informs. The interest rate is made of three months Euribor/Robor plus a margin starting from 6 pc, depending on the loan to value and the clients’ option to transfer their monthly income to the bank. The financed amount now goes as high as 75 pc of the mortgaged real estate value. Customers who contract a Cash Loan with Mortgage don’t need to justify the loan usage. The bank accepts as collateral real estate properties owned by a third party.

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