Personal Needs Loan

Personal loan with mortgage (quick loan), EURO or RON granted to customers with guarantees Mun. Bucharest County. Ilfov County as well. Constance including holiday homes and guesthouses.

Limits: maximum EUR 500,000 or the equivalent in RON, provided that the security is at least 250% of the approved cap.

Type of credit: personal loan guaranteed by mortgages with monthly payments at maturity based on balance and interest repayment, granted in RON or EURO;

Type the applicable interest rate: Fixed interest for the entire crediting period under the credit agreement, calculated on balance, between 48% and 72%

Type annual percentage rate applicable: APR remains fixed throughout the loan period under the credit agreement.

Duration: Maximum 5 years (60 months).

Careful! The information you receive relates to a loan to be secured by a mortgage on a property.

 

Interest

The interest rate is fixed throughout the loan under the credit agreement is between 48% -72%.

Interest is calculated as:

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In case of changing the balance or annual interest rate level, the total interest will be composed of the sum charged with the above formula.

Where reimbursement is  formed by decreasing monthly loan rates, it takes into account the actual number of calendar days.

Where reimbursement is equal credit with monthly installments or if applicable the date of signature of this contract is taken into account conventional 30-day month. For the period between the date of the loan to the customer and the first due date (the range 1), interest is calculated according to the same formula, and the result (corresponding month of the conventional 30 days), relating to the month effective the loan was available to the customer:

formulaeng2

 

Effective annual interest rate

The annual percentage rate, hereinafter APR equals a period of one year, the present value of all commitments, drawdown, repayments and charges, future or existing, agreed by IFN EXTRA FINANCE S.A. and Client.

APR is calculated using the following formula:

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Where:

X is the APR;

m is the number of the last drawdown

k is the number of a drawdown, thus 1≤k≤m;

Ck is the amount of drawdown k;

tk is the interval, expressed in years and fractions of a year, between the date of the first drawdown and the date of each subsequent drawdown, thus t1 = 0;

m 'is the number of the last repayment or costs incurred;

l is the number of a repayment or costs incurred;

Dl is the recoverable value or cost incurred;

Sl is the interval, expressed in years and fractions of a year, between the date of the first drawdown and the date of each repayment or costs incurred.

APR remains fixed throughout the loan period under the credit agreement.

When calculating the APR was considered the hypothesis that the credit agreement will remain valid for the period agreed and IFN EXTRA FINANCE S.A. and the Borrower will perform under the terms agreed in the Contract of credit.

Obtain the credit on the terms and conditions marketed concluding a mortgage contract involving notary fees and arrange insurance to guarantee repayment of the loan (house insurance guaranteed). The costs of these services are not known by the creditor, so are not included in the APR calculation.

Representative example of calculation for credit in RON: For a personal loan guaranteed by mortgages worth 50,000 lei took a period of 5 years (60 months), payable in 60 equal monthly installments with a fixed interest rate of 48% per year, APR is 60.22%, the total monthly payment is 2210.09 lei 1.000 lei analysis fee, payable once within 48 hours of signing the credit agreement and the mortgage contract and the value amount paid by the Client is 132,606.03 lei.

Representative example for calculating the credit in euro: For a personal loan guaranteed by mortgages worth € 50,000 taken over a period of 5 years (60 months), payable in 60 equal monthly installments, fixed interest 48 % per year, the APR is 60.22%, the total monthly payment is 2210.09 euros, 225 euros analysis fee, payable once within 48 hours of signing the credit agreement and the contract mortgage, and the total amount paid by the client is 132,830.75 euros (total amount to be paid by the customer at the time the borrower's national currency is 598,349.40 lei, calculated at an exchange rate of 1 euro = 4 5046).

Note: APR was calculated based on the following assumptions: the credit agreement remains valid for the duration of the agreed credit and interest and other charges will remain fixed in relation to the initial level and will apply for the duration of the loan. Obtain the credit on the terms and conditions marketed concluding a mortgage contract involving notary fees and insurance without securing the credit (house insurance guaranteed). The costs of these services are not known by the creditor, so are not included in the APR calculation.

Commission

 EXTRA FINANCE S.A. charge the following fees:

Costs to be paid only once

Analysis fee for credit in lei 1.000 lei, according to GEO 50/2010 GEO 52/2016 amended through, which will be paid within 48 hours of credit. There is no charge for the analysis if the credit is not granted.

Costs to be paid only once

Analysis fee for credit in euros: 225 euros, according to GEO 50/2010 GEO 52/2016 amended through, which will be paid within 48 hours of credit. There is no charge for the analysis if the credit is not granted.

FEE REIMBURSEMENT OF EARLY TOTAL: 0, according to GEO 50/2010 GEO 52/2016 amended through;

EARLY PARTIAL REFUND FEE: 0 according to GEO 50/2010 as amended by GEO 52/2016

EXTRA IFN FINANCE S.A. can accept the client's request, following at no extra cost:

  1. rescheduling / restructuring credit;
  2. modification of the clauses of the contract by addenda.

Other costs

Other costs incurred by the Customer, but may be taken from the credit include:

Evaluation of real estate (collateral) with an appraiser approved by IFN EXTRA FINANCE S.A. or chosen by the customer until the customer acceptance of the contractual conditions and signing the loan agreement and mortgage; The customer may choose whether the assessment is performed by an appraiser hired / paid by the lender or is carried by another evaluator. If the client decides that the evaluation is conducted by an evaluator who is not employed / remunerated IFN EXTRA FINANCE SA, the customer may choose between an evaluator from a list proposed by the creditor at least 15 evaluators and any other assessor authorized member of the National Association of Certified Appraisers in Romania. In this case, the evaluation is performed under a service contract concluded with the client assessment. EXTRA IFN FINANCE S.A. assessor chosen by the client communicates standard format, without undue delay.

Ensuring the mortgaged property with an insurer chosen by the customer, until the customer acceptance of the contractual conditions and signing the loan agreement and mortgage (guarantee shall be renewed annually throughout lending); The Customer undertakes to conclude and renew annually for all risks insurance policy on mortgaged the entire period until the complete liquidation of the loan or by redeeming the foreclosure proceedings and notify IFN EXTRA FINANCE S.A. and the insurance company on the occurrence of any insured event later than 24 hours after its occurrence, according to legal obligations or the contract of insurance.

If the client does not end, extended or maintain the validity, in a prompt and satisfactory cover for all risks to the mortgaged property, IFN EXTRA FINANCE S.A. has the right, without undertakes to Customer in this respect, to conclude such a policy in conditions that it deems satisfactory, Customer's expense. To this end, the Customer authorizes IFN EXTRA FINANCE S.A. to choose and establish contractual clauses insurer and the insured risks. Expenses incurred for the purpose stated above shall be considered due on the date of actual payment by the insurance company, IFN EXTRA FINANCE S.A. then recover the priority equivalent insurance premiums so paid.

If the client has a home insurance at the conclusion of the credit agreement, it must contain at least the following risks: earthquake, floods, natural, collapsing land, storm, hurricane, tornado and other atmospheric phenomena associated, avalanches and collapses snow, fire, explosion and, moreover, must be divested in favor of IFN EXTRA FINANCE SA the loan amount contracted for the entire loan period, to liquidate their entirety.

Throughout this Agreement, in the event of any event affecting the property / buildings up / up collateral credit, the Client has an obligation to allow and facilitate finding the causes and extent of the consequences of that event, including through access to property / estate's representatives insurer of property / real estate or of technical experts and / or assessors and present Creditor all documents entered into by the competent people on the production of this event.

IFN EXTRA FINANCE S.A. does not require the customer property insurance contract with a company to the warranty agreed.

The conclusion of the mortgage contract. Notary fees related authentication mortgage contract and registration / modification / deletion guarantee: amount of these charges are not known by Extra IFN Finance S.A. It was established by notary and calculated according to the amount of credit; The estimated amount of these taxes may rise between 0.4-1% of the loan;

Guarantees

The guarantees of this type of loan are:

  1. any income from the Client / clients and / or fidejussor (including salaries, fees, shares, dividends, pensions, daily allowances, rents, royalties, etc.);
  2. mortgage rank I and prohibition of alienation and encumbrance of  duties on real estate finance and / or, where appropriate, on other real estate owned by the applicant or a third person;
  3. insurance policy against all risks relating to the mortgaged property, in favor of IFN Extra Finance S.A. on the entire loan period.

Required documents

Given the type of guarantee, there are requested the following documents showing the ownership:

Land:

  • Property title;
  • Contract sale-purchase / donation / inheritance;
  • Cadastre and registration obtained from the acquisition of property right;
  • Act dismantling / annealing (if changes were made on surfaces);
  • Urban certificate.

Land + building:

  • Contract sale-purchase / donation / inheritance;
  • Building permit;
  • Minutes reception works (hence obtain building age);
  • Cadastre and registration (including Survey) obtained from acquiring property rights;
  • Urbanism certificate (asking only in special cases);
  • Energy Performance Certificate (optional);

Apartment:

  • Contract sale-purchase / donation / inheritance;
  • Minutes handover and proof of full payment (usually for apartments acquired before 2000);
  • Cadastre and registration (including Survey) obtained from acquiring the property right;
  • Energy Performance Certificate (optional).

In the delivery of an agreement in principle will provide the following minimum documents: ID Client / Clients and guarantor (s) mortgage (s) / guarantor (s) contract sale / donation / inheritance attesting entitlement of property, credit approval will subsequently file to complete the remaining necessary documents, namely land registration, cadastre, surveying, for final approval.

The way of obtaining the money

The amount for the loan will be transferred to the account provided by the borrower on the day of signing credit contracts and mortgage at Extra Finance S.A. headquarters.

Payment Terms

Loan repayment shall be made in equal monthly installments, consisting of the main ascending and the interest on the descending loan balance or in monthly installments decreasing mainly made up of equal rates and decreasing interest on balance, at the option of the Customer.

Precontractual Information and a representative exemple of calculation

Representative example for calculating the credit in lei For a personal loan guaranteed by mortgages worth 50,000 lei took a period of 5 years (60 months), payable in 60 equal monthly installments, fixed interest 48 % per year, the APR is 60.22%, the total monthly payment is 2210.09 lei 1.000 lei analysis fee, payable once within 48 hours of signing the credit agreement and the contract mortgage, and the total amount paid by the Client is 133,605.75 lei.

Note: APR was calculated based on the following assumptions: the credit agreement remains valid for the duration of the agreed credit and interest and other charges will remain fixed in relation to the initial level and will apply for the duration of the loan. Obtain the credit on the terms and conditions marketed concluding a mortgage contract involving notary fees and insurance without securing the credit (house insurance guaranteed). The costs of these services are not known by the creditor, so are not included in the APR calculation.

Representative example for calculating the credit in euro For a personal loan guaranteed by mortgages worth € 50,000 taken over a period of 5 years (60 months), payable in 60 equal monthly installments, fixed interest 48 % per year, the APR is 60.22%, the total monthly payment is 2210.09 euros, 225 euros analysis fee, payable once within 48 hours of signing the credit agreement and the contract mortgage, and the total amount paid by the client is 132,830.75 euros (total amount to be paid by the customer at the time the borrower's national currency is 598,349.40 lei, calculated at an exchange rate of 1 euro = 4 5046).

Note: APR was calculated based on the following assumptions: the credit agreement remains valid for the duration of the agreed credit and interest and other charges will remain fixed in relation to the initial level and will apply for the duration of the loan. Obtain the credit on the terms and conditions marketed concluding a mortgage contract involving notary fees and insurance without securing the credit (house insurance guaranteed). The costs of these services are not known by the creditor, so are not included in the APR calculation.

Customer's obligations to IFN EXTRA FINANCE S.A. highlighted in the balance sheet are settled in the following order: fees, taxes and other liabilities of the Customer in the operation of credit (including the insurance premiums, if applicable); Penalty interest, overdue interest, in order of seniority; outstanding loans in order of seniority; attached to the current loans receivable (current interest maturing); Current loans (at maturity).

If the term of non-reimbursement by the debtor of amounts due under this contract IFN EXTRA FINANCE S.A. will calculate a penalty interest FIXED three percentage points, which adds to the current interest rate applicable to the principal outstanding and from the first calendar day following the due immediately. If the due date of the weekend falling due and unpaid amounts are considered overdue if not paid on the first business day after the due date.

After the Threshold Amount, will be charged a penalty interest calculated based on fixed percentage and that is two percentage points, plus contractual interest rate

Among the collection of loan installments, interest due and interest penalty calculated priority is collecting penalty interest due, then interest rate (main).

Failure to timely payments could have severe consequences for you (eg. Enforcement) and complicate obtaining other loans.

EXTRA FINANCE S.A. informing the customer at least 30 days before the declaration due credit for the assignment of claims resulting from contracts of bad loans to entities performing the debt recovery or initiating enforcement proceedings, as appropriate, informing one with about the rights they have in this situation.

Illustrative example of the impact of currency fluctuation has a 20%

EXAMPLE: For a personal loan guaranteed by mortgages worth € 50,000 taken over a period of 5 years (60 months), payable in 60 equal monthly installments with a fixed interest rate of 48% per year, DAE is 60.22%, the total monthly payment is 2210.09 euros, 225 euros analysis fee, payable once within 48 hours of signing the credit agreement and the mortgage contract and the total amount paid customer is 132,830.75 euros (total amount to be paid by the customer at the time the borrower's national currency is 598,349.40 lei, calculated at an exchange rate of 1 euro = 4.5046).

In this case, the exchange rate at the time of signature is considered 1 Euro = 4.5046, and if the leu depreciated severely against the euro by 20% compared to when signing the credit agreement, which would value the experience rate monthly if they convert to lei (notional value does not affect payment commitments under the repayment schedule annexed to the credit agreement) should be 2652.10 euros.

If the value of the leu would fall by 20% against the euro, the total amount to be paid by the customer at the time the borrower's national currency is 718,016.62 lei. However, the amount could exceed that level if the lion's share value declines by more than 20%. If the value of the leu would fall by 40% against the euro, at the moment of your loan amount would increase to 837,683.84 lei, while the amount for which the monthly rate would feel if they convert to lei ( notional value does not affect payment commitments under the repayment schedule annexed to the credit agreement) should be 3094.11 euros.

You will receive a warning if the leu depreciated severely against the euro by 20% compared to when signing the credit agreement, and the value that would feel the monthly rate if they convert to lei (value hypothetical does not affect payment commitments under the repayment schedule annexed to the credit agreement) should be 2652.10 euros.

Your payments could increase by more than that.

The exchange rate used for converting your euros in lei will be published by the central bank on the due date of the loan.

The customer can benefit from the right to renegotiate terms and other arrangements available to the consumer in order to limit exposure to currency exchange rate risk.

You can repay this loan early, total or partial. There is no compensation for early repayment of part or total. If you want to repay this loan early, please contact us.

Charge: balance + accrued interest up to the date of liquidation + any + any outstanding penalty interest rates

If the early repayment total representatives EXTRA FINANCE S.A. delisting will sign address for deletion prohibitions imposed in CF mortgaged property and to certify that there are no contractual obligations to be fulfilled by the borrower.

Customer consumer has the right to request and receive a free copy of the draft credit agreement and the mortgage contract. This provision shall not apply where, at the time of application, the creditor can not conclude the credit agreement with the consumer in accordance with its internal rules.

The offer of credit can not be regarded as an endorsement of the client's request for providing a product or service IFN Extra Finance S.A. , which is binding upon IFN Extra Finance S.A. only after approval of credit and submitting an offer.

Extra Finance S.A. offer consumers adequate explanations to enable him to assess whether the offer of credit and the credit proposed are adapted to his needs and to his financial situation.

Failure of reimbursement of the debt on due

If the term of non-reimbursement by the debtor of amounts due under this contract IFN EXTRA FINANCE S.A. will calculate a penalty interest FIXED three percentage points, which adds to the current interest rate applicable to the principal outstanding and from the first calendar day following the due immediately. If the due date of the weekend falling due and unpaid amounts are considered overdue if not paid on the first business day after the due date.

After the Threshold Amount, will be charged a penalty interest calculated based on fixed percentage and that is two percentage points, plus contractual interest rate

Among the collection of loan installments, interest due and interest penalty calculated priority is collecting penalty interest due, then interest rate (main).

EXTRA IFN FINANCE S.A. informing the customer at least 30 days before the declaration due credit for the assignment of claims resulting from contracts of bad loans to entities performing the debt recovery or initiating enforcement proceedings, as appropriate, informing one with about the rights they have in this situation.

CAREFUL! Failure to timely payments could have severe consequences for you (eg. Enforcement) and complicate obtaining other loans.

EARLY REPAYMENT

You can repay this loan early, total or partial. There is no compensation for early repayment of part or total. If you want to repay this loan early, please contact us.

Charge: balance + accrued interest up to the date of liquidation + any overdue installements + any outstanding penalty interest rates

If the early repayment total IFN EXTRA FINANCE S.A. representatives delisting will sign address for deletion prohibitions imposed in CF mortgaged property and to certify that there are no contractual obligations to be fulfilled by the borrower.

PRIVACY INFORMATION

IFN EXTRA FINANCE S.A. undertakeS to preserve the confidentiality of information relating to the contract signed by the Client, unless the disclosure is required by law or the information is already public.

IFN EXTRA  FINANCE S.A. is entered in the Register of personal data processing with no. 31 954 and processes personal data provided by the Customer through this document, with the purpose of lending (financial and banking services, credit reports, debt collection / recovery receivable, advertising, marketing and advertising, electronic communications services and statistics).

Customer agrees expressly consent to IFN EXTRA FINANCE S.A. to process the information registered in his name in his records (personal information and credit-related conduct).

The customer is expressly agreed that IFN EXTRA FINANCE S.A. to disclose personal information to third parties, including third parties entitled to recover claims and third party assignees of claims from Romania and other countries for processing / transfer by them, only and only to the contract and bring just to comply with all legal and contractual obligations assumed by the Client by signing the contract.

According to Law no. 677/2001, the Customer have the right of information, the right of access, the right of intervention, the right of opposition, the right not to be subjected to an individual decision, the right to request the deletion of their personal data and the right to go to court. To exercise these rights, Customer shall submit a written demand, dated and signed at the headquarters of IFN EXTRA FINANCE S.A., except for the right to go to court, in order to exercise it, the client will address the court in whose jurisdiction resides.

Wanted Sum

Time

Max. 60 months

Monthly installement is:  LEI
EAI Rate este:  %
WHEN YOU NEED A LITTLE HELP
Personal Needs Loan
  • Rapid
  • Flexible
  • Easy to obtain
  • Maximum 500.000 €
REQUIRED DOCUMENTS
  • - Identity Card of the customer and client and mortgage guarantor (if applicable);
  • - Income statement of Customer;
  • - Property title deeds for the land, apartment or house (cadastre, land registration, document showing ownership);