BUSINESS

BCR cheapens First Home loans

Romanian Commercial Bank (BCR) reduced as of Monday interest on loans in RON, according to a press release. Interest rates for mortgages and unsecured loans were cut by more than 1 percent. BCR also reduced interest on personal loans Divers BCR – new loans and refinancing from other banks. The new interest on personal loans ranges between 8.6 percent and 9.9 percent per year. At the same time, BCR reduced the cost of loans granted under the First House program, by rising interest bonus to customers who receive salary in their BCR account from 0.2 percent to 0.5 percent. Clients eligible from Prima Casa will also see the benefit of significantly lower rates as BCR‘s pricing has followed the steep decline in market rates and now stands at 4.44 percent / year.

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