Starting with September, through the Telekom Banking offer, customers can access loans of personal needs in lei of up to 150,000 lei, benefiting from fixed rates throughout the contract.
The fixed interest rate starts from 7.9% for refinancing loans with amounts equal to or greater than 70,000 lei and with the condition of transferring a monthly income of at least 2,000 lei in an account opened at Telekom Banking. For new loans, the fixed interest rate starts from 8.9% and varies according to the amount of the loan, the customer’s profile and his credit history.
The granting process is an easy one, the clients having immediate access after the approval to the money borrowed through a debit card offered free of charge, on the spot, which allows withdrawals without commissions from any ATM in the world. Customers can also access the credit through the free Internet and Mobile Banking services.
There is no analysis fee for refinancing loans, and for new loans the analysis fee is 250 lei. There are no additional costs for life insurance or unemployment insurance.
Representative examples of calculation:
For a credit of personal needs of 70,000 lei granted for a period of 5 years with income transfer: DAE 9.58%, monthly installment rate 1,453 lei and the total amount to be paid is 87,447 lei. Annual fixed interest rate for the entire duration of the contract: 8.9%. DAE includes the loan analysis fee (250 lei) and the registration fee at the Electronic Archive (65.7 lei) and the current account administration fee (3 lei / month).
For a refinancing loan of 70,000 lei granted for a period of 5 years with income transfer: DAE 8.33%, monthly installment rate 1,419 lei and the total amount to be paid is 85,205 lei. Annual fixed interest rate throughout the contract: 7.9%. DAE includes the registration fee at the Electronic Archive (65.7 lei) and the current account administration fee (3 lei / month).
Loans can be requested by individuals with a minimum age of 22 years and a maximum of 70 years at the maturity of the last installment rate, which records minimum incomes of 1,000 lei from salaries, pensions or from independent activities, and the seniority at the current place of work must be longer than 3 months.
The credit is fast and easy to obtain and can be applied for any day of the week, even on weekends, by any of the following ways:
– Online application by filling in a simple form, accessing the dedicated landing page, the client being subsequently contacted by a Telekom Banking consultant;
– By phone, by calling 021 9253, available 24/7;
– In one of the 50 points of sale dedicated to banking services from Telekom stores in Bucharest and the main cities. A complete list of them is available here.
Telekom launched banking services on the Romanian market in October 2017.