Personal Needs Loan

Personal Needs Loan

Find out how easy is to make you dream come true. After thousands of calculations and thrift, you have finally discovered the loan that will help you accomplish your dream in a relaxed way.

 

Creditable loan amount

1.000 – 120.000 lei

Sumă creditabilă  1.000 – 120.000 lei

Discount for the interest rate of 0,5 procentage points

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Fix interest rate*

from 10,99% to 19,99%

Dobândă fixă de la  7,99% până la 11,99%*


*The interest rate is customized for each customer depending on the loan amount, the option to collect income through OTP Bank, refinancing loans from other banks, factors associated with the ability to repay the loan such as the credit history of the applicant and other elements used in the analysis of the credit application. The interest rate of 10.99% is the minimum interest that already includes the discount applied for the option of income transfer and refinance loans from other banks.

Characteristics and benefits of the personal needs loan

  • The loan amount that can be borrowed is between 1.000 and 120.000 lei.

  • The reimbursement period of the personal needs loan is between 6 and 60 months.

  • You can refinance through the loan granted from OTP Bank one or more loan facilities ongoing in the present. See the refinancing offer.

  • You can bring one codebtor.

  • For granting the loan, OTP Bank accepts a wide range of incomes.

  • You can apply for a loan without income statement in case your incomes can be verified in the NAFA (National Agency for Fiscal Administration) data base. 

  • You can also choose a Payment Protection Insurance, from Groupama, with single premium or monthly premium,  which can be attached to the Personal Needs Loan in order to have protection you and your family in case of unpredictable situations.

  • It can be claimed in up to 30 minutes if the loan amount does not exceed 100,000 lei and information on your income is also available from the tax authority (ANAF) database. The 30-minute deadline is subject to the fulfillment of eligibility conditions, including the submission of complete documentation and the provision of all information required by the bank, including the verification of income in the tax authority's database only. In some cases, for reasons beyond the bank's control, the loan may not be approved within that period.

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Which are the costs for personal needs loan without mortgage?

Fix interest rate

Interest rate: is between 10,99% and 19,99% yearly.
The interest rate is determined at the granting moment of the loan based on your financial profile and will remain FIX on the entire period of the loan, as long as you are receiving the income in OTP. It will be higher with 1 percentage point when you choose not to receive the income in your OTP account. You can check the detailed list of interest rates here.

* The interest rate is customized for each customer depending on the loan amount, the option to collect income through OTP Bank, refinancing loans from other banks, factors associated with the ability to repay the loan such as the credit history of the applicant and other elements used in the analysis of the credit application. The interest rate of 10.99% is the minimum interest that already includes the discount applied for the option of income transfer and refinance loans from other banks.

Commissions

  • 0 lei analysis commission in case you have one of the Lending service package, modular structure with Lending option or OTP Lejer package, or 200 lei in case the loan was approved and you don’t have any of the mentioned packages.
  • 0 lei commission for opening and administration of the current account, in case you have one of the Lending service package, modular structure with Lending option or OTP Lejer package.
  • 0% monthly administration commission for the loan
  • For loans with fix interest rate, the anticipated repayment commission is 0,5% from the outstanding of the loan when the remaining loan period is less than 1 year, or 1% from the outstanding of the loan when the remaining loan period is higher than 1 year.

Insurance premium (optional)

In case you have chosen together with the loan facility, to conclude also a Payment Protection Insurance offered by Groupama and valid for the entire period of the loan, you can opt for one of the following payment methods:

  • Single premium (paid in one tranche at the moment of granting the loan) is: 0,07%/month * tenor of the loan * value of the loan.
  • Monthly premium (paid monthly together with the annuity of the loan) is: 0,10%/month, applied to the granted value of the loan.

Taxes perceived by third parties

Tax perceived by National Registry of Movable Advertising for movable guarantees registration.

How can you access the Personal Needs Loan?

Come to any OTP Bank branch from your town to discuss the most advantageous option for you. First of all, you have to consider some eligibility criteria:

  • To be more than 23 years old at the moment of the loan request, but not more than 65 years old at the maturity of the loan;
  • To be a Romanian citizen with domicile/residence in Romania or a foreign citizen with residence in Romania;
  • To have a working seniority as employee of:
    -  Minimum 3 month to the current employer and 12 months total working seniority without any interruption or 
    -  Minimum 6 months working experience at the current employer

For any other type of income, the working experience will be communicated in the branch and it depends on the type of income presented.

How can you apply for the loan?

Ask for details

Leave us your details and we will contact you soon!
Or call 021 308 00 89.

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 Credit Bureau, 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:

  • 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 Bureau, 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;
  • 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;
  • 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;
  • 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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Personal needs loan calculator

Make a simulation and calculate your monthly installment

lei
from 1000 to 120000 lei
months
from 6 to 60 months

Kalkuláció eredménye

Monthly installment
0lei
Loan value
0lei
The total amount reimbursed
0lei
Interest
12,99%
DAE
8,29%
Repayment period
0months

Details for Payment Protection Insurance (PPI)

For a safer future and financial stability, OTP Bank offers you the opportunity to attach a Payment Protection Insurance (PPI) to the Personal Needs Loan, with the following options: 

  • Payment Protection Insurance (PPI) with single insurance premium: 0.07%/month * tenor of the loan* loan amount.
  • Payment Protection Insurance (PPI) with monthly insurance premium: 0.10%/month; applies to the granted value of the loan.

The validity of the policy starts from the moment you receive the Loan, respectively from the signing of the Loan agreement and the insurance certificate, and ends with the final maturity of the Loan.

The single insurance premium is fully paid by the client at the time the Loan is withdrawn.
The monthly insurance premium is paid monthly, with the loan installment.

The risks covered by insurance are different, depending on the socio-professional category to which the client belongs (Employees, Freelancers or Retirees):

Image removed.

Which are the incomes accepted for Personal Needs Loan?

In order to obtain your Personal Loan, OTP Bank accepts a wide range of incomes:

  • Incomes from salary;
  • Monthly pay, indemnities, increments, food allowance and other rights having a continuity nature;
  • Income from management contracts;
  • Income from copyright or intellectual property rights;
  • Income from management or censorship benefits;
  • Pension from Romania / abroad;
  • Commercial incomes (e.g.: provision of services etc., other than the liberal professions);
  • Income from liberal professions.
  • Parental allowances;
  • Food vouchers;
  • Salary received by Romanian citizens abroad;
  • Income obtained by navigators based on navigation contracts;
  • Income from management contracts;

*Secondary incomes can be acceped only in addition to a main income.

 

Necessary documents:

  • Identity document (original);
  • Income Consultation Agreement from National Agency for Fiscal Administration database* and / or Income Statement
  • Loan application (original, standardized bank form), which includes:
    -  Statement regarding payment obligations, third party litigation and group relationships (original, standardized bank form);
    -  CRB consultation agreement (original, standardized bank form);
    -  Credit Bureau consultation agreement (original, standardized bank form);
  • Justifying documents for the loan which will be refinanced (if the case may be).

* 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 Defense, Romanian Intelligence Service, Gendarmerie etc.

Representative calculation example

Personal Loan

With OTP Lejer package, income collection through OTP and refinancing from other banks

With OTP Lejer package, income collection through OTP without refinancing from other banks

Loan amount

105 000 lei

105 000 lei

Credit duration / Number of installments

60 months / installments

60 months / installments

Interest rate

10,99%

11,49%

Interest rate type

Fixed

Fixed

Loan analysis commission

0 lei

0 lei

Monthly current account administration fee

0 lei

0 lei

Monthly installment

2 282 lei

2 309 lei

The total cost of the loan

31 946 lei

33 522 lei

Total payment a mount

136 946 lei

138 522 lei

APR

11,56%

12,11%

Frequently Asked Questions

For Loan approval, your minimum net monthly salary must be 1.524 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.

To repay your Loan installments, 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). 

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 property ownership.

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

Through the personal needs loan from OTP Bank you can ask for:

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

The credit facilities to be refinanced must be at least 3 months old.

Labour interruptions are the time period when 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 allowance incomes, only if you apply with a co-debtor who has at least one main income.

In case your contract is concluded for at least 1 year period and has been renewed or it has an automatic prolongation clause, you can apply for a loan on the maxim tenor. On the contrary, you can apply for a loan for the maximum remaining period until the expiration of the labour 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 is the maximum amount you can obtain, 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 the loan request and in case the income can not be verified in NAFA data base, the income documents for the analysis of the loan;
  • signing the loan contract in case of loan approval.

You can choose and change afterwards the due date as you wish. You establish the day when you like to have the repayment of the installment, and the insurance premium, in case you have chosen the Payment Protection Insurance (PPI) offered by OTP and Groupama.

  • OTP will register movable mortgage on our banking accounts.
  • Payment Protection Insurance (PPI), in case you have chosen the personal needs loan with insurance