The National Bank of Romania (BNR) regulations come into effect today, Jan 31, on a minimum down payment of 15 pc required in order for applicants to take out mortgage loans after, in 2011, the Central Bank modified the credit lending requirements for home purchases, Realitatea.net reports. ”The physical persons who want to take out a mortgage or home loan and earn a RON income shall make an advance payment of a minimum 15 pc of the value of the home property they want to buy, for EUR loans, and of at least 40 pc for USD, Swiss franc or Japanese yen loans,” according to the BNR new regulations which come to force as of today, 90 days after being published in the Official Gazette, on Oct 31, 2011.
