The pace of demand for mortgage loans under the government-guaranteed mortgage loan program has remained constant, said Ioana Mihai, head of the bank’s guaranteed loans department. She added the bank wants to continue lending under the program in the national currency.
Since the launch of the program, BCR garnted about 30,000 loans totaling EUR1.2 billion.
To get a government-guaranteed mortgage loan under the First Home program, clients must not already own a home or may own one smaller than 50 square meters and make a down payment of at least 5%. The bank accepts up to three co-payers on the loan.
BCR, member of Erste Group, is the largest bank in Romania with assets of over EUR16 billion.