In an economic environment marked by inflation, the purchasing power of money decreases, and postponing financial decisions means, in real terms, a loss of capital.
For Romanians who have taken out loans in recent years, refinancing can be one of the most effective ways to protect their financial situation by reducing monthly installments while also obtaining a lower interest rate. Moving a loan with a high variable interest rate to one with a lower fixed interest rate can generate monthly savings of hundreds of lei — money that would otherwise be lost to inflation.
Refinancing involves paying off existing loans and taking out a new loan that covers the entire debt, and possibly an additional amount. The new loan may come with a lower interest rate, a longer or equal repayment period — which can lead to lower monthly installments — as well as additional benefits such as a grace period or included insurance policies.
Exim Banca Românească offers the Relaxat loan for refinancing without collateral, for a period of up to 5 years. The bank provides a competitive fixed interest rate ranging between 6.49% and 14.59% per year, depending on whether the customer chooses to receive their income into a current account and opts for life and unemployment insurance.
As a calculation example, for a loan worth 50,000 RON over 5 years with a 6.49% interest rate (APR 9.01%), the monthly installment is 978.07 RON.
At ING Bank Romania, refinancing can be done through the ING Personal loan, with a fixed interest rate between 5.99% and 16.19% per year, also calculated according to the contracted amount. Thus, for 50,000 RON over 5 years, the monthly installment is 1,079.41 RON, corresponding to an interest rate of 10.69% per year (APR 14.02%).
CEC Bank offers a refinancing loan for personal needs with a fixed interest rate starting from 7.50% per year and a maximum term of 5 years, intended for individuals who receive their income through the bank. For the same calculation example (50,000 RON over 5 years), the monthly installment is 1,021.90 RON (APR 8.66%).
Choosing a well-structured refinancing product can significantly reduce the monthly financial burden. That is why carefully comparing offers is important in order to balance your budget.
Through the simplicity of its approval process and the included advantages, Exim Banca Românească becomes a solid option for protecting capital over the long term.
