The bank estimated it will grant over 1,500 new loans via First Home program.
BCR has already granted around 5,400 loans under the program this year and around 36,700 loans, totaling EUR6.1 billion, since the start of the program.
People seeking to buy homes under the First Home program have a budget of RON710 million available as state guarantees, as the government reassigned guarantee funding from homes built by the housing agency ANL to all types of homes.
Based on current demand, the national guarantee fund for SMEs, which guarantees mortgage loans under this program, estimates the program will have sufficient funds for all applications to be approved by the end of the year. (EUR1=RON4.4269)