According to a survey conducted by Kiwi Finance, the banks have started to offer RON-denominated loans at prices lower than those for EUR-denominated ones. Personal unsecured loans are included in this category. Thus, the cheapest EUR-denominated personal loan has an interest of 14.65 per cent, while the RON-denominated one has an interest of just 13.24 per cent. Moreover, the average value of a personal unsecured loan stands at approximately EUR 7,300, while mortgage loans surpass EUR 38,000.
In other developments, in the first three months of the year the average value of mortgage loans used for real-estate purchases grew from EUR 49,700 to EUR 57,300. This change took place after the National Bank of Romania (BNR) representatives recently announced that they no longer agree with forex-denominated loans. Moreover, the clients that are willing to move their salary account to the bank from which they contract the loan will benefit from an interest rate cut of up to 1 per cent.