Cash Loan with Mortgage 

 
  • Finance your long term investments with Millennium Bank Cash Loan with Mortgage.
 

Features

Loan purpose: general needs

Loan amount: between EUR 5.000 - 150.000 (or the equivalent in RON) but no more than:

65% of the value of the real estate mortgaged (apartment/ house)

Currency: RON, EUR.

Tenor: between 3 and 25 years

Co-borrowers: max 2 co-borrowers allowed (spouse, parents, parents-in-law, children, sisters, brothers)

Income sources accepted: salary, bonuses, sales commissions, board incentives and censors, author rights, rents, dividends, income from freelancer activities, income from abroad, daily allowances, daily allowances sailors

* If you need money contact with our specialized Loan Advisor in the nearest Millennium Bank branch or call at 0 801 000 111.

Benefits

  • No justification needed for the loan usage
  • Repayment of the loan can be made over as long as 25 years
  • Third party mortgage accepted as collateral
  • Financing up to 65% of the value of the real estate mortgaged
  • Possibility to cumulate more incomes for a loan (maximum three incomes)
  • Broad range of income sources accepted
  • Protection during the loan period through the life insurance offered by the Bank free of charge
  • Better fees in case the salary is transfered in an account opened with Millennium Bank
  • Payment HOLIDAY - once a year one installment payment can be suspended

 

Linked to those loans you can benefit of additional products such as:

  • Current Account for FX and repayment in RON for FCY loans
  • Debit Card for ATM deposits, payments, access to Discount Program on POS
  • Internet Banking for free non-stop access, repayment schedule view and account balance interogation
  • Credit Card easy to obtain with three wages, grace period and discounts up to 30%
  • Term Deposit or Saving Account to keep and use the available amounts wisely
  • Real Estate/Life/Travel Insurance for unexpected events

Required Documents

  • Identity Documents

  • Loan application

  • Credit Bureau Inquiry Form

  • CRB Inquiry Form

  • Birth certificate” / ”marriage certificate” (In case of co-debtor, to prove the relationship)

  • Utilities invoice from either domicile or residence address (can be gas, ground linephone, electricity and cable invoice).

  • Income Documents

  • Ownership Title of the real estate to be mortgaged

  • Land Book Decision of Registration

  • Survey of the real estate

  • Certificate of Urbanism (in case the mortgaged property is a piece of land)

  • Survey documentation

Fees & Commissions

with monthly income transfer

without monthly income transfer

Variable
Interest Rate

  %financed <=40%

Xbor 3M+6.5%

%financed >40%

Xbor 3M+7%

%financed <=40%

Xbor 3M+7%

%financed >40%

Xbor 3M+7.5%

Pre-contractual expenses related to loan file preparation: 900 RON, paid by the client from own resources, in 2 tranches: first tranche at applicaton date 400 RON and second tranche before signing credit contract 500 RON.

Analysis fee: 2.75% of the loan amount

Administration fee: 0%

Servicing fee on client request: 150 RON/ request

Issuing address for total repayment of the loan: free of charge

 

See the General Fees and Commissions List

 

Call Center

0 801 000 111
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*2111
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021 308 1110
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