”Romanians, both at home and abroad, still have plans and needs for which they rely on funding, but the economic context may make them postpone their projects. This financing tool helps them get the funds they need, and they can pay back quickly, in 4 months, without having to pay back the interest, which is a great advantage”, said Gergana Staykova, Market Leader, Romania, tbi bank.
CASH Zero offers up to RON15,000 for a period of up to 48 months in a 100% online lending process. The first four months are interest free, with the possibility to repay the loan in full with 0 costs in the first four months.
Customers receive the money in a personal account opened at any bank in Romania, with a quick approval and minimum documents. The maximum age of the applicant at the date of finalization of the loan contract is 75 years. The financing tool can be accessed by new tbi customers and customers who have had loans with tbi in the past, but repaid them in full more than three years ago.
TBI Bank is a mobile-first challenger bank in South East Europe and the leading BNPL “buy now, pay later” player in the region targeting customers, merchants and SMEs, providing financing and additional integrated services through a large network of “phygital” platforms and channels.
The bank currently operates in Bulgaria, Romania, Greece, Germany and Lithuania. Through various digital channels, an own chain of over 300 units and partnerships with some 20,000 merchants, the lender had a portfolio of two million customers in September 2022 and granted some 550,000 loans in 2022.