The lender estimates it will grant nearly 1,000 loans to home-buyers by mid-October under the government-backed program. BCR has granted around 3,700 loans under the program this year and around 35,000 loans, totaling EUR1.9 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 last week 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.