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We would like to draw your attention to the increase in spoofing fraud attempts, where attackers call potential victims from a phone number that appears to be the bank's and pose as employees of financial institutions. We advise you to be vigilant and not to share confidential data such as bank account access credentials (IB) or bank card security data with anyone.

New House Loan

The house that you dreamed of awaits you! Whether you want to escape the monthly rent's care or finally leave the parental home, we're here for you with a Loan on advantageous terms. Discover how easy it is to get a New House Loan from OTP Bank and what are the conditions.

Creditable amount

  • Eur 1000-66.500 (lei equivalent*) for new, enhanced or other categories of establishments with maximum acquisition price of 70.000 eur (lei equivalent)
  • Eur 59.501 – 119.000 (lei equivalent*) for new or enhanced establishments with acquisition price between eur 70.001 and maximum eur 140.000 (lei equivalent)

Maximum reimbursement period

30 years

Minimum down payment from

  • 5% if the acquisition price is maximum eur 70.000 (lei equivalent*)​​​​​​​
  • 15% if the acquisition price is between eur 70.001 (lei equivalent*) and maximum eur 140.000 (lei equivalent*)

What are the advantages of a New House Loan?

  • The income certificate is not required. Information about your earnings is obtained by querying the NAFA database.

  • You only need for the down payment at least 5% of the Loan amount if the acquisition price is maximum eur 70.000 (lei equivalent*) or at least 15% of the Loan amount if the acquisition price is between eur 70.001 (lei equivalent*) and maximum eur 140.000 (lei equivalent*).

  • 30 years is the maximum reimbursement period, but you can choose a shorter period to escape the instalments as soon as possible.

  • The New House loan can have values ​​between:

    • Eur 1000 - 66.500 (lei equivalent*), for new, enhanced or other categories of establishments 
    • Eur 59.501 -119.000 (lei equivalent*) for new or enhanced establishments
  • To benefit from a new house Mortgage Loan with a higher value, you can apply with up to 3 co-debtors.

  • Monthly instalments will be equal, based on the principal and interest.

  • The interest rate is variable, consisting of the fixed margin of 2% + IRCC.

  • How can you guarantee for credit? Your options are: a legal rank I Mortgage on the dwelling, which is proportional to the percentage of guarantee in favour of the Bank and the State represented by the Ministry of Public Finance and its insurance, respectively a collateral deposit amounting 3 interest rates.

  • The Loan analysis fee for approval of the loan is 0 lei.

  • OTP Bank accepts a wide range of incomes and gives you the possibility of cumulating them.

  • *For determining the lei equivalent will be used the BNR course for EURO valid at the date of signing the bilateral promise of sale.

Access easily a New House Mortgage Loan?

We're alongside on your way to your first home. We are waiting for you at any OTP Bank branch to advise you on the New House Mortgage Loan and how to access it.

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

How can you apply for the Loan?

We will call you

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contact you in the shortest possible time.

Notification on the protection of personal data - Loans and Lending Products

This document explains when and why we collect personal data, how we use it, the conditions in which we may disclose it, how we store it safely, and what your rights are in relation to such processing under the law. Information related to the processing and protection of personal data by OTP Bank Romania S.A. (the “Bank”, “we” or “OTP”) is also available on the webpage www.otpbank.ro, Privacy section.

For the purpose of preparing an offer and, as the case may be, analysing your credit application, for carrying out a responsible lending activity, in addition to processing your personal data in the ANAF, Credit Risk Register, Payment Incidents Register, etc. systems, based on your consent in the absence of a separate legal ground for processing, we may process such data in our own records, based on our legitimate interest or on the basis of legal obligations that we must comply with.

If, during the financing process (personal loan, real estate loan, overdraft, credit card, etc.), your loan application is rejected for objective reasons or you withdraw the financing application before our analysis is complete, we will no longer process your personal data for this purpose, except to the extent required by law to store this data. If you subsequently request one of our products (current account, deposit, etc.), other than a loan, this information remains valid and we will process your data strictly in connection with the requested product/service and for which a contract is concluded with the Bank (3(a) below).

1. Controller/contact details of the controller

OTP BANK ROMANIA S.A., managed in a two-tier system, seated in Romania, Bucharest, Sector 1, str. Buzești, nr. 66-68, registered with the Bank Register under no. RB-PJR-40-028/1999, EUID: ROONRCJ40/10296/1995, registered within the Trade Register Office of Bucharest under no. J40/10296/1995, VAT Reg. No. 7926069, personal data controller registered with the National Supervisory Authority for Personal Data Processing under notification no. 2689, tel.: 0800 88 22 88/+ 4021 308 57 10, email: office@otpbank.ro, processes your personal data as controller in accordance with the Regulation (EU) 679/2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (The Regulation) and Law no. 190/2018 on implementing the Regulation, in good faith and for the purposes specified herein.

2. Data Protection Officer (DPO)/Contact details of the Data Protection Officer

The data protection officer appointed by the controller can be contacted at the controller’s registered office, at the address mentioned above, or via email at dpo@otpbank.ro. If you have any questions or suggestions/complaints or wish to exercise any of your rights related to data protection as data subject, please contact the Data Protection Officer using the contact details above. We may request additional documents or information to properly identify you in order to answer to your request. All requests will be resolved in accordance with the applicable law, and free of charge. However, if the requests are manifestly unfounded or excessive, particularly because of their repetitive nature, the Bank may: (a) charge a reasonable fee, taking into account the administrative costs of providing information or communication or taking the required measures; (b) refuse to answer to the request.

3. Processed personal data

The processed data, depending on the service/product and/or the contract concluded with the Bank, is, as the case may be, the following:

a) i. identification data: last name, first name, pseudonym (if applicable), date and place of birth, personal identification number (CNP/NIF) or other similar unique identification element, such as the single registration number for authorised natural persons or the tax registration number for natural persons carrying out liberal professions, , citizenship, marital status, country of tax residence, ID document/passport series and number, other data in the identification or civil status documents as well as copies, home/residence address, profession, occupation, name of the employer or nature of activity, information about any important public position held, if applicable, political opinions (exclusively in the context of obtaining information related to the capacity of publicly exposed person - PEP), expressed inclusively in notifications/complaints/conversations about products/services/employees of the Bank, capacity, holdings and, as the case may be, powers of representation held within some legal entities, data on the beneficial owner, as the case may be, image (contained in the identification documents or captured by the video surveillance cameras installed in the Bank units or on the OTP equipment, including transposed in biometric templates), voice (recordings of telephone or audio/video calls initiated by you or us), signature/specimen signature, by hand or digital, as appropriate; ii. contact details: correspondence address (if applicable), telephone number, fax number, email address; iii. identification codes: allocated by OTP or various providers, necessary for the provision of services, such as, but not limited to: client code, internet banking username, series and number of the assigned token, transaction identifiers, including their logs, IBAN codes attached to bank accounts, debit/credit card numbers, card expiration date, contract numbers, traffic data and IP address of the device used to access our services exclusively for ensuring security measures for transactions carried out through these services, in order to prevent fraud; iv. data on the fraudulent/potentially fraudulent activity, consisting of data relating to crimes such as fraud, money laundering and terrorist financing, including data related to inconsistencies found in documents/statements submitted to the Bank, obtained from forms, statements and documents submitted, drafted or completed; v. financial data related to the source of funds, turnover in your accounts opened with our Bank, invoices, recurring payment commitments, including garnishments or enforcements communicated to the Bank as a third-party garnishee; vi. any other data that may be necessary or useful for the Bank's activity for the purposes described, in accordance with the law; b) for lending products, the Bank also processes data such as: i. data on the requested/granted lending products: product type, product/account status, grant date, grant term, amounts granted, amounts due, due date, currency, frequency of payments, amount paid, monthly instalment, outstanding amounts, number of outstanding instalments, number of days of default, default category, product closing date; ii. data on the economic and financial situation related to the source, type, fluctuation and level of your income, seniority, data on the assets held/owned, the number of dependants, monthly payment commitments, other loans you hold; iii. data on your creditworthiness: credit score, payment/saving/indebtedness behaviour; iv. health data, exclusively if the processing of such data is necessary in the context of providing insurance products/services brokered by the Bank or held by clients and the coverages provided by them or for clients to prove the difficult situation in which they or members of their families are, in the context of insurance products held or to be taken out; v. any other data that may be necessary or useful for the Bank's activity for the purposes described, in accordance with the law.

4. Data source

The personal data processed is data: i. communicated to the Bank either directly, by you, or indirectly (by proxies or other persons representing you in relation with the Bank) made available in order to initiate the contractual relationship/update data/purchase products and services/order transactions/file requests in connection with the contractual relationship, regardless of the communication channel used; ii. obtained by consulting some public sources, such as: public institutions and authorities (for example, ANAF, NBR - Credit Risk Register or Payment Incidents Register, FNGCIMM), electronic registers and databases (for example, the courts’ portal, Credit Bureau), entities involved in payment transactions (for example, international Visa and Mastercard card organizations, Central Depository).

5. Legal grounds and purposes of personal data processing

The Bank processes your personal data as a potential client, client, borrower, debtor, co-debtor, guarantor, beneficial owner, user, proxy, delegated person or legal/contractual representative (hereinafter the “data subject”), as the case may be, based on the following legal grounds:

a. To conclude and carry out the contractual relationship with the Bank according to Article 6 (1) (b) of the Regulation for the following purposes:

to provide lending products and/or services and loan access products (current account, internet banking, cards) as well as to be subsequently able to carry out your instructions related to the operation of such products/services (e.g. processing collections/payments/other types of transactions with the specificities of the transactional channel used - counter, internet/mobile banking, telephone, specific ATM equipment, foreign exchange, card transactions, transactions specific to treasury/capital market/mutual funds/custody products/services, etc.);

to monitor the fulfilment of contractual obligations, to notify you about the concluded contracts (e.g. amendment/supplementation of characteristics/costs/functionalities/benefits products/services, information about due/overdue instalments, insurance premiums due, monitoring of collaterals, etc.), to take the required measures for non-compliance with the contractual obligations (e.g. debt collection/debt recovery/bringing forward the maturity date, reporting of negative data to credit bureaus, as well as activities prior to them, enforcement of amounts due and administration of garnishments and seizures, reporting to the authorities, etc.);

to report and submit the necessary information/documents to the guarantee funds (e.g. FNGCIMM, FGCR);

to broker the conclusion, monitoring and subsequent administration of insurance contracts.

b. In order to fulfil the legal obligations provided in Article 6 (1) (c) of the Regulation for the following purposes:

to carry out the KYC analysis, the risk analyses, to report suspicious transactions, to prevent fraud according to applicable KYC laws in order to prevent money laundering and terrorist financing and to establish measures to prevent and combat terrorist financing;

to prepare reports, submit declarations, perform the activities related to the inspections conducted by authorized authorities/institutions, such as: ANAF, ANPC, NBR, CRC, ANSPDCP, ASF/BVB, Competition Council, etc;

to collect by enforcement the amounts due as well as to manage garnishments and seizures, according to the special laws in the matter;

to carry out audit missions;

to report under FATCA (The US Foreign Account Tax Compliance Act), if you are a US citizen/resident;

to handle client complaints;

to revalue collaterals, to calculate provisions;

to audit the financial statements of the Bank;

to endorse the documents sent/submitted to the capital market institutions;

to manage the internal registers;

to record and manage operational risk events;

to ensure physical security through video monitoring (including ATM), access cards and visitor register (reception desk);

to backup information;

to keep and archive documents, in compliance with the prudential requirements applicable to credit institutions, related to the services contracted by you, as well as other operations necessary for the performance of the concluded contract(s).

c. In order to fulfil the legitimate interests of the Bank, as provided in Article 6 (1) (f) of the Regulation, for the following purposes:

for verifications/interrogations performed based on the credit risk analysis within the Credit Bureau database in order to facilitate access to the loan, as well as for verifications specific to the financial-banking field with the nature of evaluating aspects such as credibility and solvency, as well as for preventing the excessive indebtedness and also to decrease the credit risk in general;to conduct internal reviews (including statistical reviews)/market studies, both with regard to products/services and with regard to the client portfolio, to monitor client satisfaction and the quality of services and products purchased, to improve and continuously develop internal products/services/processes;

to design, develop, test and use existing or new IT systems and IT services, the storage provided by databases in the country/EU, as appropriate;

for direct marketing, as appropriate;

to plan a strategic development, to make forecasts on portfolio dynamics, to make business forecasts by performance indicators, to set budgets, to set cost elements for the Bank's products/services;

to establish payment structures for intermediaries;

to analyse and minimize the risks to which the Bank is exposed;

to monitor transactions to prevent fraud and to investigate potentially fraudulent ATM withdrawals;

to prepare internal reports to the Bank's management bodies and the OTP business group of which the Bank is a part, in order to ensure prudential measures;

to ensure a high level of security both at the level of information systems and within the physical locations (e.g. territorial units, headquarters);

to create the archive and manage it;

to conclude and manage financing contracts or assignments of receivables;

to collect debts/recover debts;

to establish, exercise or defend rights of the Bank before courts;  to record interactions through official communication channels, in order to provide proof of the request/consent/option regarding certain financial-banking services, as the case may be.

d. Based on your consent, according to Article 6 (1) (a) of the Regulation, for the following purposes:

for verifications/queries underlying the credit risk analysis in the databases represented by the Credit Risk Register and ANAF, if the data subject applies for a loan, which will be obtained through a separate document, as the case may be, if a distinct legal ground does not apply for meeting the lending conditions;

for direct marketing purposes for commercial communications, as appropriate;

for the audio/video recording of the conversations with the Bank;

to process the health data, exclusively if the processing of such data is necessary in the context of providing insurance products/services brokered by the Bank or held by clients and the coverages provided by them or for clients to prove the difficult situation in which they or members of their families are, in the context of insurance products held or to be taken out. If you have not expressed your consent to the carrying out of these operations, they will not be performed by the Bank.

The refusal to provide personal data correctly and completely for the above-mentioned purposes may prevent the Bank from properly meeting its contractual or legal obligations and may prevent you from contracting the services provided or brokered by the Bank and it may lead to the termination or restriction of the provided/brokered banking services, as appropriate.

6. Categories of recipients of personal data

In order to be able to offer you the best services and to keep our competitiveness in the banking sector, we communicate certain data inside and outside OTP. These include:

OTP entities, for operational, regulatory or reporting purposes, including in centralized storage system or for global processing, such as to verify new clients, comply with certain laws, guarantee the security of information systems or provide certain services (see section “About us. OTP Group” for the full list).

Government authorities, to comply with our regulatory obligations, for example in order to counter terrorism and prevent money laundering. In some cases, we are required by law to disclose your data to external parties, including: • Public, tax, regulatory authorities and supervisory bodies. • Judicial/investigative authorities, such as the police, public prosecutors, courts and arbitration/mediation bodies, at their express and legal request. • Lawyers, for example, in case of bankruptcy, notary publics, for example, in case of granting a mortgage loan, administrators managing the interests of other parties and the company's auditors.

Financial institutions, partner banks and correspondent banks, banks or financial institutions participating in syndicated loans. If you withdraw cash, pay by debit card or make a payment to an account opened with another bank, the transaction always involves another bank or financial company specialized in processing interbank payments and transmitting information on interbank transactions (e.g. Transfond S.A., Society for Worldwide Interbank Financial Telecommunication - SWIFT). In order to process payments, we must provide the other bank information about you, such as your name and account number. We sometimes communicate personal information to banks or financial institutions in other countries; for example, if you make or collect an external payment. We also communicate information to the business partners the products of which we sell, such as insurance companies.

Service providers. If we use other service providers, we only communicate the personal data necessary to perform a certain task. Service providers support us with activities such as: telecommunications, IT/internet banking, marketing and client communication management, archiving in physical and/or electronic format, courier, audit, technical maintenance of CCTV equipment, digital certification related to electronic signatures, payment processing, card issuance and enrolment (e.g. Mastercard, Visa) etc.

7 . Transfer to third countries and safety measures

Depending on the location of the servers of OTP or of its processors, where the data will be stored, or the location of certain data recipients, personal data could be transferred, as appropriate, to other Member States of the Union European and European Economic Area respectively. Except as otherwise expressly required by the law or where strictly necessary for the Bank to fulfil the contract and the obligations assumed towards you, we will not transfer your personal data outside of the European Economic Area. In the event that the Bank must transfer data to third countries, we will only transfer the personal data strictly necessary for the performance of the contract and/or the obligations assumed towards you (e.g. your order to make an international bank transfer or your use of the bank card in states outside of the European Economic Area). The Bank will make every effort to protect your personal data in our possession or under our control by establishing appropriate security measures to prevent unauthorized access, collection, use, disclosure, copying, modification or placement/storage, and other similar risks.

8 . Data storage period/criteria for determining the storage period

We will keep your personal data for the period of time necessary to comply with the contractual obligations assumed towards you, respectively for the period of time necessary to comply with the applicable legal obligations. The Bank will periodically conduct sessions to review of the processed personal data in order to ensure that data or certain categories of processed personal data is/are not retained for longer than necessary. In order to determine the period for which the data will be stored, we take into account the contractual period until the performance/expiry of contractual obligations, as well as the archiving deadlines. Thus, the Bank will store personal data, as appropriate, for a period of:

5 years from the date of termination of the business relationship with the client for keeping the identification documents, the monitoring and verifications performed, as provided by Article 21 (1) of Law no. 129/2019 on preventing and combating money laundering and terrorist financing, and amending and supplementing some legal acts with the possibility of the competent state authorities to extend the period with an additional period of 5 years;

10 years for keeping the supporting documents from the date of carrying out the operations in the accounts, including the logs related to the transactions, as provided by Article 25 of the Accounting Law no. 82/1991 specifying that for accounting documents issued starting January 15, 2023, the storage period is 5 years calculated from July 1 of the year following the end of the financial year in which they were issued; 10 years for the data that are subject of the reports provided by the 61 (2) art. and 62 art. of the Fiscal Code;

30 days from the date of recording the data processed by the video surveillance systems, as provided by Article 93 of the Methodological Norms for the application of Law no. 333/2003 on the security of facilities, assets, values and on the security of persons; At the same time, we mention that, in the case of situations expressly regulated by law or in thoroughly justified cases, the Bank can store your data for a longer period of time.

If you have expressed your consent to the processing of your data for direct marketing purposes, including profiling for direct marketing purposes, the data processing for this purpose will take place during the contractual relationship with OTP Bank Romania S.A., as well as 1 year from its termination. Should you withdraw your consent for direct marketing purposes, OTP Bank Romania SA will no longer process your data for this purpose. For details on the processing for marketing purposes, please refer to the marketing consent section.

9. Your rights as a data subject with respect to personal data

In accordance with the Regulation, your rights as a data subject with regard to the processing of personal data are as follows: the right of access, the right to rectification, the right to erasure (“the right to be forgotten”), the right to restriction of processing, the right to data portability, the right to object (in the case of data processing based on our legitimate interest or on your consent, with the mention that the withdrawal of consent will have effects only for the future, the processing performed previously remaining valid), the right not to be subject to an automated individual decision, including profiling.

If you believe that your rights as a data subject have been breached, you may lodge at any time a complaint or notice to that effect with the National Supervisory Authority for Personal Data Processing, seated in B-dul Gral. Gheorghe Magheru 28-30, Sector 1, Post code 010336, Bucharest, Romania (fax: +40 318 059 602, email: anspdcp@dataprotection.ro). You can also bring an action before the competent courts.

I agree with the processing of personal data for marketing and profiling by the Bank
I agree with the processing of personal data for the purposes of marketing and profiling by third party partners of the Bank

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Guarantees

We congratulate you for choosing to go on the first road to the house of your dreams. At OTP Bank you can submit the following guarantees to get the New House Loan:

  • A rank I Mortgage on the dwelling which is proportional to the percentage of guarantee in favour of the Bank and the State represented by the Ministry of Public Finance.

  • The guarantee issued by FNGCIMM in the name and account of the State represented by the Ministry of Public Finance, in favour of the Bank, within the limits indicated in the Guarantee Agreement.

  • Property Insurance Policy**, assigned to OTP Bank Romania S.A. and in favour of the State, represented by the Ministry of Public Finance proportional to the guarantee percentage.

  • Collateral deposit equal to the first 3 interest rates.

  • Movable Mortgage on all credit balances of current accounts.

  • ** For the property insurance policy, OTP Bank recommends property insurance offered by Groupama Insurance. With this insurance, you benefit both from the Self-ascertainment and from Emergency repair services. Details on groupama.ro.

Eligibility criteria

  • New House Mortgage Loan from OTP Bank is available for:

  • Romanian citizens residing in Romania;

  • Foreign citizens residing in Romania;

  • Clients who apply individually or together with up to 3 co-debtors (needed to improve reimbursement capability).

  • The length of service from the employment must be of:

  • minimum 3 months at the current employer;

  • at least 12 months as PFA activity.

  • The total uninterrupted length of service must be:

  • Of minimum 12 months without interruptions longer than 31 if the length in service to the current employer is less than 6 months;

  • At least 12 months if you operate as PFA.

Incomes accepted

In order to obtain the New House Loan, OTP Bank accepts a wide range of incomes.

Main incomes:

  • Incomes from salary;

  • Income from management contracts;

  • Income from copyright or intellectual property rights;

  • Income from management or census benefits;

  • Parental allowances;

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

  • Monthly pay, allowances, benefits, food allowance and other permanent rights;

  • Income from life annuities;

  • Retirement income from Romania / abroad;

  • Income from liberal professions;

  • Income from rental of real estate;

  • Income from dividends.

Secondary incomes:

  • Income from fees cashed in besides the salary*;

  • Income from management contracts;

  • Food vouchers;

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

  • Salary earned by Romanian citizens working abroad*;

  • Income obtained by navigators based on navigation contracts;

  • Incomes from abroad;

Secondary incomes:

Required documents

Want to apply for a New House Loan from OTP Bank? Here are the documents you need to submit / sign both you, as the applicant, as well as the co-debtors, if any:

  • Identity document (original);

  • Income Consultation Agreement from National Agency for Fiscal Administration database*** and / or Income Statement in OTP Bank format or supporting documents for earned incomes;

  • 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;
  • Authentication of own responsibility statement using the models contained in program-specific regulations.

  • ***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 real estate can be:

  • Completed dwelling (registered in the Real Estate Registry);

  • Unfinished dwelling;

  • New dwelling intended for purchase after completion.

Documents proving ownership of the property are required, such as:

  • Deed of sale-purchase, deed of donation etc.

  • Completion of registration or real estate registry excerpt;

  • Bilateral promise of sale authenticated or under private signature wih certain date/signature legalization. 

  • Valuation assessment report (prepared by an assessment company agreed by the Bank);

  • Energy Efficiency Certificate for one of Energy Efficiency Classes A, B or C.

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

Informative calculation model

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

If you take a "New House" mortgage loan in amount of 238 000 lei on a period of  318 months, you will have a variable interest rate of 7.9% per year (consisting of the fixed margin of the bank of 2% per year + IRCC) and you will pay a monthly installment of 1 789 lei (calculated by the method of repayment in equal installments + interest). In this case the total cost of the loan is 330 849 lei, meaning you will return to the bank in total 568 849 lei, and the APR is 8.19% per year.  Additional, the client pays an annual management fee to FNGCIMM amounting to 0.15% applied annually to the balance of the guarantee granted. The loan will be guaranteed by a real estate mortgage on the purchased property, until its full repayment.        
We would like to inform you that there is a possibility to change, in the sense of the increase, the amounts due, in case of materialization of the interest rate risk, in the situation where the contracted credit has variable interest. At the same time, please keep in mind that the fluctuation of your own income can lead to affecting the possibility of payment.
 

Frequently Asked Questions

For Loan approval, your minimum net monthly salary must be 2.079 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 repay the loan in advance, and the early repayment can be total or partial. No commission is charged for this operation.

We are waiting for you with your identity document in the nearest OTP Bank Romania branch to do the related operations.
 

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.