Personal Loan with Mortgage

Personal Loan with Mortgage

When dreams can no longer be delayed, it's time to take action. At OTP Bank, we have developed a special product for clients whose dreams or needs are priority: personal Loan with guarantee. Now, the lack of money is no longer a problem. Discover the advantages of the Loan that will help you to follow your dreams.

Creditable amount

4.200 – 840.000 lei

Repayment period

6 – 60 months

Maximum number of co-debitors


What are the advantages of a personal Loan with Mortgage?

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

  • Your loan's guarantee is a dwelling that may be owned by you or another person.

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

  • It's convenient. You have equal or decreasing monthly rates, consisting of the main rate and interest.

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

  • You can lend any amount between 4.200 and 840.000 lei.

  • You may request no more than 75% of the assessed value of your guarantee.

  • The repayment period is between 6 months and 60 months (5 years).

How can you access your Personal Loan with Mortgage?

We are waiting for you in any OTP Bank branch to discuss the most advantageous Loan offer with guarantee for your personal needs.

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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In order to obtain the personal 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 SA;

  • Mortgage on all credit balances of current accounts;

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

Eligibility criteria

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

  • You are a natural person having:

  • Age between 26 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 incomes 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;

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

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

Incomes accepted

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

Main incomes:

  • Venituri din salariu;

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

  • 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 renting properties;

  • Income from liberal professions.

Secondary incomes:

  • Parental allowances;

  • Income from management contracts;

  • Food vouchers;

  • Salary received by Romanian citizens abroad;

  • Income obtained by navigators based on navigation contracts;

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

  • Incomes from abroad;

  • Income from fees received besides the salaries.

  • Income from dividends;

  • Income from life annuities.

Required documents

In order to apply for a personal Loan with Mortgage from OTP Bank, here are the documents you must provide both as an applicant and as co-debtors:

  • 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 incomes;

  • Supporting documents regarding the Loan to be refinanced.

    * 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.).

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

Calculation model

For an average Loan of 136.000 LEI over an average period of 60 months, the interest rate of 7.24% (variable interest): DAE is 7.57%, monthly instalment is 2.708 LEI (repayment method by equal instalments + interest), total cost of Loan is 26.803 LEI, total amount paid 162.803 LEI.

The following costs are not known to the lender and are therefore, not included in the DAE: notary fees, as well as Mortgage contract authentication fees, registration fee of the movable Mortgage in AEGRM, property valuation fee and insurance costs. They will be charged according to the respective service provider's tariff.

What else you should know

Before applying for a personal Loan with guarantee 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

The interest rate is variable and changes quarterly on the basis of the reference index for consumer Loans (IRCC).

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.

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.