Eligibility conditions to take a credit
Customers who own shares in a home will be able to benefit from State-guaranteed loans to acquire the share-share difference.
You have the right to acquire within the Program only one completed dwelling located on the territory of Romania, enrolled in the land book according to the law or to build a house, alone or together with other persons, observing the regulations in force regarding the First House program.
You must have an advance of at least 5% of the purchase price of the dwelling and / or cover the difference between the purchase price of the dwelling resulting from the sale and purchase agreement and the guaranteed financing.
You must meet the specific conditions laid down in the internal lending rules of the financiers.
You are required to make a collateral deposit to guarantee the interest, equal to three interest rates, valid for the entire duration of the financing.
You oblige you not to alienate the dwelling acquired within the first five years of the date you acquired it. Upon expiration of this deadline, if a third party takes over the credit agreement, it must meet the eligibility criteria of Program beneficiaries.
You are obliged to insure the house purchased from the guaranteed financing against all risks and to designate the Romanian state, represented by the Ministry of Public Finance, as a beneficiary of the insurance policy, for the entire duration of the financing.
Buy a heat-insulated house with an energy certificate. The home you purchase under the Program falls into one of the energy efficiency classes A, B or C, applicable from the date of entry into force of the provisions of Art. 23 of Law no. 372/2005 regarding the energy performance of buildings, with subsequent amendments.
Against the "First House 4" Program, 13 banks were interested. They have submitted lending offers at interest rates that reach the maximum level accepted by governmental norms, ie 2.5% and 4% margins applied above the level of financial indicators: ROBOR for RON loans and EURIBOR for loans contracted in euro . In this way, credit institutions will provide financing at 5-6% per annum for the euro and 12-13% for lei.
Banks participating in First House 4 are:
Banca Comerciala Romana (BCR)
Intesa Sanpaolo Bank