Idea::Bank relaunches consumer loans with the largest unsecured amount, RON 120,000, and an interest rate that was reduced by up to 15%.
The new offer on the Idea::Selfie product maintains the basic features of the product – simple and easy to obtain – by allowing the loan application to be filed accompanied by a single document (based on revenue query agreement in the ANAF database) and offering a quick approval, with new benefits added for the bank’s customers:
- An increased maximum limit for unsecured loans, of up to RON 120,000, as compared to the previous RON 90,000.
- Introducing a special offer for customers who choose to have their salary/income paid in Idea::Bank accounts: a reduction of 1 percentage point as compared to the standard offer, resulting in an interest rate starting from only 7.22% (EAR 8%).
- Launching a promotional offer until 31 October 2015, when all customers contracting an Idea::Selfie loan will automatically receive a 0.7 percentage points decrease on their interest rate. This offer shall not be aggregated with the discount granted to customers choosing to have their salary paid in Idea::Bank accounts.
„Idea::Bank’s lending strategy adapts to the market dynamics and the special characteristics of its customers, being at the same time proactive and prudential. Noting that more than 12% of Idea::Selfie customers expressed their intention to get a higher loan and more than 80% of the customers have a very good credit profile, the product upgrade came naturally, with the newly introduced benefits satisfying actual needs and also placing Idea::Bank’s lending offer in the top ranking products in its category. ” – Alin Fodoroiu, Idea::Bank Products Director.
Sample calculation: For a loan of RON 35,000 with a 5 years maturity, the annual variable interest rate, if the client opted to collect revenues in the Idea::Bank account, starts from 7.22% (for a variable ROBOR 3M of 1.32% valid on 12.08.2015), with an analysis fee of RON 250, resulting a monthly installment of RON 699 and a total repayment amount of RON 42,243, with an EAR starting from 8%.
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