Mortgage Loan


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Mortgage Loan

It's time you ensured your loved ones the comfort they deserve. Give them the pleasure of saying „home” to a comfortable house, with all the conditions for a peaceful and careless living. Transform the much desired home by your family in reality with the Mortgage Loan from OTP Bank.

Creditable amount

EUR 1.000 – 200.000 (LEI equivalent)

Maximum reimbursement period

30 years

Minimum down payment from


What are the advantages of a Mortgage Loan with OTP Bank?

  • You do not need an income certificate to apply for Loan if your income information can be verified in the NAFA database.

  • In order for you to qualify for a larger amount, you can apply with up to 3 co-debtors.

  • It's convenient. You have a 0% monthly Loan administration fee.

  • You have equal or decreasing monthly instalments of the principal and interest.

In addition, the interest rate decreases:

  • If you transfer your monthly income in your current account from OTP Bank;
  • Depending on the loan amount, being applied a differentiated discount for loans amounts higher than 200,000 lei, respectively 300,000 lei.

What do you have to do to get the Mortgage Loan?

To make things as simple as possible, we have a summary of the steps you need to take in order to apply for a Mortgage Loan. We are at your side at every step and inform you of all the costs needed to be paid, as well as the documents you need in order to meet the eligibility criteria.

The steps we will take together are:

  • Preliminary discussion: We meet and verify the lending conditions, perform a preliminary calculation and inform you relating to the necessary documents.

  • Submit your Loan documentation: In our branch you submit the file with the necessary documents for income and property analysis, together with your credit application.

  • Valuation report: We inform you about financial pre-approval and you pay the valuation fee. Next is the property inspection and prepare the valuation report.

  • Final approval: The hard part is over when your application is approved, you are invited to the branch to sign the European Standardized Information Sheet. You can already schedule the signing of the contracts with the notary and the real estate seller.

  • Signing the contracts: Sign the insurance policies of the real estate and sign the Loan, sale-purchase and Mortgage Contracts.

  • You receive the money: After you submit to the bank the completion of registration and the Real Estate Registry excerpt with the Mortgage in favour of OTP Bank, we will transfer the Loan amount to your account and of the Seller.

How can you access the Mortgage Loan?

Come to any OTP Bank Branch to discuss the most advantageous and effective way for you to have the house of your dreams.

Before making this step, please review the eligibility criteria and the list of required documents specified below.

How can you apply for the Loan?

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You are one step closer to your dream house. In order to obtain the Mortgage Loan from OTP Bank, the following types of guarantees must be provided:

  • Superior rank Mortgage on the property set up as guarantee; an inferior rank Mortgage can also be accepted during the Loan period, provided the superior rank Mortgage is still in the favour of OTP Bank Romania SA;

  • Mandatory property insurance policy (PAD) and facultative insurance policy, both assigned in favour of OTP Bank Romania S.A. In case the facultative insurance policy is signed with Groupama Insurance, you benefit both from Self-ascertainment and from Emergency repair services. Details on;

  • Movable Mortgage on all credit balances of current accounts;

  • Insurance policy against death from any cause (if the case), assigned in favour of OTP Bank Romania S.A.

Eligibility criteria

You are eligible to receive Mortgage Credit from OTP Bank if you meet the following conditions.

  • You are a natural person having:

  • Age between 24 and 65 years on the date of full repayment of the Loan, with no mandatory life insurance;

  • Not more than 70 years on the date of full repayment of the Loan, with mandatory life insurance valid throughout the course of the Loan;

  • Romanian citizenship and current residence in Romania;

  • Foreign citizenship and residence in Romania (you hold a certificate of residence valid at least for the period of the Loan);

  • Monthly earnings equivalent to the national minimum wage.

  • You have an uninterrupted length of service:

  • of at least 3 months at the current employer;

  • total of at least 12 months, to one or more employers, without interruption of more than 31 days (if the length of service to the current employer is less than 6 months);

  • if you own a PFA (registered sole trader), you have at least 12 months of activity.

Mortgage Loan from OTP Bank is also available to clients applying individually or together with up to 3 co-debtors (needed to improve the reimbursement capability).

Incomes accepted

To obtain the Mortgage Loan, OTP Bank accepts a wide range of incomes:

Main incomes:

  • Incomes from salary;

  • Income from management contracts;

  • Monthly pay, indemnities, increments, food allowance and other rights having a continuity nature;

  • Parental allowances;

  • Income from copyright or intellectual property rights;

  • Income from management or censorship benefits;

  • Retirement income from Romania / abroad;

  • Commercial incomes (e.g.: provision of services etc., other than the liberal professions);

  • Income from life annuities;

  • Income obtained by navigators based on navigation contracts;

  • Income from renting properties;

  • Income from liberal professions.

Secondary incomes:

  • Income from management contracts;

  • Food vouchers;

  • Salary received by Romanian citizens abroad;

  • Income from agent/representation/brokerage agreements / civil agreements/conventions;

  • Incomes from abroad;

  • Income from fees received besides the salaries;

  • Income from dividends.

Required documents

To apply for a Mortgage Loan with OTP Bank, here are the documents you must submit, as both the applicant and the co-debitors:

  • Identity document (original);

  • Income consultation agreement from the NAFA database* and / or Income certificate;

  • Credit application (original, standardized bank form), which includes:

    • • Statement regarding payment obligations, third-party litigation and group relationships;
    • • CRB consultation agreement;
    • • Credit Bureau consultation agreement;
  • Supporting documents for received income;

  • Supporting documents regarding the Loan to be refinanced (if the case)

    * In the case of clients for whom the reporting of incomes to NAFA is not reported, it is necessary to submit additional documents (e.g. Ministry of Interior, Ministry of National Defence, Romanian Intelligence Service, Gendarmerie etc.).

Documents relating to the property subject to the credit application:

The mortgaged property is required to be a completed dwelling (registered in the real estate registry).

  • Documents proving ownership of the property, such as: sale-purchase act, deed of donation etc.

  • Completion of registration or real estate registry excerpt;

  • Sale-purchase pre-contract (as the case may be);

  • Valuation assessment report prepared by the authorized Valuer, member of the National Association of Authorized Valuers in Romania.

OTP Bank reserves the right to request additional documents, on a case-by-case basis.

What else you should know

Before applying for a mortgage Loan from OTP Bank, we want to let you know the following:

  • that there is a possibility of modification, in the sense of increase of the amounts due, in the case of the materialization of interest rate risk, where the contracted Loan has variable interest;
  • that the fluctuation of own incomes may lead to the possibility of payment being affected.

The types of interest rate available

Interest rate is variable and is changing quarterly considering the consumer credit reference index (IRCC).

The interest rate is fixed in the first 5 years and afterwards it is variable.

Property insurance policies

Mandatory property insurance policy (PAD) and facultative insurance policy can be signed with any authorized insurance company.

Guarantee valuation report

The guarantee valuation report may be prepared by any authorized Valuer, member of the National Association of Authorized Valuers in Romania.

Calculation model

Here is a representative example of the calculation of a Mortgage Loan in lei:

For an average Loan of 246.000 lei for an average period of 300 months, the interest rate of 5.39% (variable interest rate consisting of a fixed margin of 3.51% + IRCC), DAE is 5.58%, the monthly rate is 1.495 lei (repayment method by equal instalments + interest) the total amount of the Loan is 204.261 lei, the total amount paid 450.261 lei.

In the DAE calculation the following costs are included: interest rate associated with the loan, analysis fee and the monthly fee of current account management.

The following costs are not known by the lender and, as a consequence, are not included in the DAE:

  • notary fees and registration in the land registry fees for the sale / purchase contract;
  • Mortgage contract authentication fees;
  • the registration fee for Mortgage in RNPM;
  • property valuation fee;
  • insurance costs.

They will be charged according to the respective service provider's tariff.

Frequently Asked Questions

For Loan approval, your minimum net monthly salary must be 1,500 lei. If you earn income from multiple employers, it is acceptable to cumulate them as long as at least one of the earnings is the equivalent of the national minimum wage.

The authorized persons are: General Director, Financial Director, Human Resources Director, Payroll Officer, Accounting Director. It is necessary to complete on the income certificate the exact position of the person having signatory right on the certificate.

If you are a retiree and your retirement decision is final or reviewable*, depending on your needs and plans, you can apply for personal Loan for retirees, under favourable conditions or, depending on the amount wanted, home equity Loans or Mortgage Loan. You should also take into account the characteristics of the respective Loans, presented on their pages.

* In the case of a periodic review pension, the Loan will be granted only for a period equal to the number of months remaining until the decision expires, observing the minimum duration of the product.

In the case of Loan for the purchase of dwellings, it is necessary to insure the real estate during the entire lending period (facultative insurance policy and mandatory PAD policy).

To pay your Loan rates, you can either go to OTP Bank branches or make transfers to your current account (where the required amount will be withdrawn at due date). If the Loan is in a currency other than the one in which the current account was opened, the foreign exchange will be automatically made at the due date.

In order to be mortgaged, the dwelling must meet the following criteria:

  • to represent a property for housing: house, villa, apartment;
  • to be unencumbered;
  • to be included in the civil circulation;
  • to be located in the locality;
  • not to be damaged, incomplete or in an advanced stage of wear.

The credit funds granted will be transferred to the seller's account (opened free of charge for him) and the withdrawal fee from the current account of cash for payments coming from Mortgage Loans is set at 0%.

The utility bill is required to be able to check the home address that appears on your Identity Card. It is not mandatory for the utility bill to be on the applicant's name. Instead it is also accepted the documents of ownership.

Yes, you can apply for a Loan together with another family member. Both applicants must meet the eligibility criteria for the respective Loan.

You can use the refinancing procedure from OTP Bank if you have a history of at least 6 months with the current Loan and it is:

  • personal Loan with / without mortgage;
  • mortgage Loan for the purchase of dwellings;
  • credit card;
  • overdraft account.

Interruptions on the Employment Record Book are the time period you have not had a professional activity. The following are not considered to be interruptions: maternity leave, sick leave, military service, study leave, temporary working disability leave.

Yes, you can apply for a loan if you obtain parental allowances. According to the type of product for which you apply, the Bank can request the presence of a co-debtor.

Under these circumstances, you may request a Loan for the maximum remaining period until the expiration of the employment contract, observing the minimum duration set for the respective Loan.

In order to obtain information about our Loans, you must visit any OTP Bank unit or contact the Call Center service at the following telephone number: 0800 88 22 88 (free of charge from any fixed or mobile network in Romania) or at +4021 308 57 10 (also from abroad) from Monday to Friday between 8:30 and 21:00.

In order to know what the maximum amount you can obtain is, ask for an informative budget calculation based on net monthly earnings. If you meet the lending conditions and decide to apply for such Loan, it is necessary to come to any OTP Bank unit with the required documents for the Loan.

The steps for contracting a Loan are:

  • performing the preliminary calculation and signing the necessary documents in order to generate the customized offer;
  • submitting employee records for case analysis, if applicable;
  • submitting documents for the real estate / land and performing its assessment - for Mortgage Loans;
  • signing the loan contract and for the Mortgage Loans and the sale and purchase contracts (made at the OTP Bank branch) and payment to the real estate / land seller.