OTP Bank - Characteristics

First House

If you don’t own a house yet and you don’t have any mortgage loans, OTP Bank helps you make the first steps towards your first house .

Advantages:

Discover how you can become the owner of a house in the most profitable conditions:

with the First House Program you benefit of the lowest interest rate for loanst:
- for RON: ROBOR at 3 months +2.5%
- for EUR: EURIBOR at 3 months + 4%
FNGCIMM guarantee, that covers 50% of the loan value
maximum reimbursement period: 30 years;
no granting commission, no monthly management commission and no early repayment commission
free file analysis
Up to 3 co-debtors for an increased reimbursement capacity
No commission for current account opening and administration until loan maturity

You can apply for the loan if:

your age is between 19 and 65 years at loan expiration, without mandatory life insurance policy;
your age is between 19 and 70 years at loan expiration, with mandatory life insurance policy for the entire credit period
you don’t own a house, alone or together with your husband / wife and you are not part of a mortgage contract in the conditions of the First Home program, OR you own a house, alone or together with your husband / wife, with a usable area of less than 50 m², gained through any other way than the program.
you have a minimum income of RON 350

For a more complex estimation, please contact us at 0800 88 22 88, 021 308 57 10 or at any OTP Bank branch.

Characteristics	Description
Destination	The acquisition of the first house, old or new
Available currencies	RON, EUR
Credit amount	Min. 1.000 EUR (or equiv.) – max. 66.500 EUR (or equiv.), depending the type of house acquired, in the First House Program conditions.
Interest rate	Variable, related to ROBOR and EURIBOR 3 months evolution, revisable at the beginning of each trimester, using the value of the currency indicator from the 15th day of the second month of the previous trimester
Granting period	Minimum 6 months - maximum 360 months
Advance	Minimum 5% of the acquisition price of the financed house, covering minimum the difference between the acquisition price and the guarantee offered by FNGCIMM.
Collaterals	FNCGIMM guarantee, that covers 50% of the loan value First rank mortgage in favor of the Bank, in proportion to the guaranteed percent Mortgage pledge on the credit balance in all the current accounts of the beneficiary Collateral deposit, opened by the applier at OTP Bank Romania S.A. to guarantee the interest rate and not-remunerated by the bank. The deposit will have an equal value to the first 3 installments calculated by using the total amount of the granted loan
Reimbursement method	Equal monthly installments, composed of the principal and the interest Management commission owned to FNCGIMM, paid each year at the loan balance on December 31 – previous year than the payment one
Early repayment	0% reimbursement commission