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Bucharest
December 3, 2021
BUSINESS

EUR 300 M loans from BCR under the Program “First House 4”

Romanian Commercial Bank (BCR) granted to date, loans in amount of EUR 300 M within the Government “First Home 4” Program and thus, helped nearly 8.200 families to buy their first house, a press release informs. Granting of First House loan rate is much more accelerated in stage 4 in comparison with the previous stages. So far, BCR has granted over 23.000 loans within the 4 stages of the Program First House, the volume of these loans being approximately in amount of EUR 900 M.

The average value of a loan from the First House 4 Program is in amount of EUR 37.700, in decrease towards the first stage of the program when the average value was of EUR 41.200. In addition, the average value of the advance paid by the clients to purchase their first house was of 10 pc. The clients have thus benefited by the preferential interest conditions and advance granted throughout the program.

In terms of profile customers beneficiaries of loans granted for First House 4, these are young men (25-34 years) who have taken the loan on a 30-year period.

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