In Romania, some banks offer lower interest rates on real estate loans than on deposits, a rare situation.
Foto: shutterstock.com/ro
Always see our news on Google
In the current context of the Romanian financial markets, Romanians who want to buy a home on credit are faced with unusual offers, where interest rates for real estate loans are lower than those for deposits. At least five large or medium-sized banks have such offers, despite the economic instability. Banks keep deposit interest rates high to attract people's savings, competing with the state, which borrows at 7-8%. Interest rates on deposits thus range between 5-8%, while home loans are offered at more favorable rates.
Latest News
17:00
Ciprian Ciucu and Thailand’s ambassador discussed joint projects and a possible sister-city agreement between Bucharest and Bangkok
16:59
Serbian students call for resignations from Aleksandar Vucic’s former state apparatus
16:56
Archaeologists discovered at Pompeii a cabinet containing jewelry, coins, and cosmetics, preserved from before the eruption of Vesuvius
16:54
The Albanian opposition threw smoke bombs and objects in parliament, accusing Prime Minister Edi Rama of ignoring the anti-government protests
16:51
EXCLUSIVE The ranking of companies in relevant online sources in Romania: Dacia leads company visibility. Taxation dominates the economic agenda
See more news
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
