BANCI | ENGLISH

Millennium Bank Romania launches complex refinancing offer

Autor: Bancherul.ro
2011-03-07 12:56

Individuals with mortgage loans can now benefit from Millennium Bank’s complex refinancing offer which includes both mortgage and home equity loans options, said the bank in a press release.

“Millennium Bank addresses a market with a significant potential as, nowadays, individuals re-evaluate their old mortgage loans costs and most of them decide it’s more efficient to refinance their debt.

Approximately 50% of the mortgage loans applications we received over the last quarter of 2010 represented loans for refinancing”, Eliza Erhan, Head of Retail Product Development with Millennium Bank, stated.
The bank offers two types of products, tailored according to clients’ specific needs. The first refinancing option is the Mortgage Loan, addressed to customers who want to refinance their existing loan in order to reduce the instalment monthly costs. The loan tenor is 30 years and the financing can reach up to 90% of the collateral’s value. The interest rate is variable and made of three-month Euribor/Robor plus a margin starting from 5%.

The second refinancing option is Millennium Bank’s Refinancing Cash Loan with Mortgage, a product newly introduced in the bank’s offer. This loan gives clients the possibility to benefit from a lower monthly instalment by refinancing an existing mortgage loan and, in addition, get an extra amount to use either to refinance other debt or for other purposes, without justification needed.

The credit’s variable interest rate is made of three-month Euribor/Robor plus a margin starting from 5.5. The Refinancing Cash Loan with Mortgage tenor is 30 years and the amount can reach up to 75% of the mortgaged real estate value.

Both refinancing options benefit from zero analysis fees until the end of June 2011. The margins for the two types of loans depend on the down payment percentage and on the clients’ option to transfer their income to the bank. Clients benefit from free life insurance and zero administration fee.

The advertising campaign that promotes Millennium Bank’s refinancing offer stars Holograf and marks the third collaboration between the bank and the music band. The campaign will be developed on TV, print, online, outdoor and indoor media.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

25.04.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Stavros Lekkakos, Chairman of The Board
Piraeus Bank

Are 32 de ani de experienta in domeniul ... vezi profil

Toate Profilele

Profil de Banca

EximBank

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

Refuz de plată la o benzinărie suma de 103 euro
Mi s-au retras de două ori suma de 48 euro și suma de 103 euro suma corectă este de 48 de euro ... detalii
nevoia de banci
De ce credeti ca acum nu mai avem nevoie de banci si firme de asigurari? Pentru ca acum avem ... detalii
Mda
ACUM nu e nevoie de asa ceva .. acum vreo 20 de ani era nevoie ... ACUM de fapt nu mai e asa multa ... detalii
oprire pe salariu garanti bank
mi sa virat 2500de lei din care a fost oprit 850 de lei urmand sa mi se deblocheze restul sumei ... detalii
Amânare rate
Buna ziua, Am rămas în urma cu ratele , va rog frumos sa ma ajutați cumva , soțul a pierdut ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126