OREANDA-NEWS. April 11, 2011. The loan “REZIDENTIAL EXTRA BCR”, launched by BCR Chisinau, is the most efficient mortgage finance solution on the banking market of the Republic of Moldova.

“REZIDENTIAL EXTRA BCR” mortgage loan is offered at an interest rate of 8,5% + EURIBOR index at 6 months, with the possibility of reimbursement of up to 25 years and a grace period of up to 6 months until the first payment on the loan amount.

The loan is designed for individuals who wish to buy real estate on primary or secondary market, a land lot for constructions, perform renovations or reconstructions at existing real estate, as well as refinance of previously contracted mortgage loans. Initial minimum finance contribution for loan applicants is only 20% of the investments value, the rest of the amount being covered by the mortgage loan provided by BCR Chisinau.

”REZIDENTIAL EXTRA BCR” loan is an unique and most advantageous offer on the Moldovan banking market for individuals who wish to make investments in real estate. Extended loan reimbursement deadlines, maximum coverage of the finance needs and the grace period offered by BCR Chisinau will most certainly help out clients fulfill their wishes to move into a new home, said Sergiu Bulbas, Executive Director for Retail within BCR Chisinau.

The loan “REZIDENTIAL EXTRA BCR” is pegged to euro. The credit is offered at a floating interest rate which changes twice per year, depending on the EURIBOR index evolution at 6 months, margin of 8.5% being stable. EURIBOR is the reference rate for euro on the european interbank market and is used by most european banks to establish the interest rate of the banking loans and saving products.

At the same time, BCR Chisinau extends until 30 April 2011 the promotional offer for the other credit categories designed for individuals, offer which was launched at the beginning of the year.

Banca Comerciala Romana Chisinau S.A.:
BCR Chisinau S.A. started its activity in Moldova as a universal bank on October 22, 1998, with a registered capital of MDL 24 million, which was increased over the years, currently reaching up to 562.750.000 MDL. The bank’s network comprises around 5 sales outlets and 34 ATMs, which serve a portfolio of over 11,000 customers, both individuals and legal entities.
Sole shareholder of BCR Chisinau S. A. is BCR, member of Erste Financial Group, Austria.

Banca Comerciala Romana:
BCR is the leader on the financial services market in Romania, with assets exceeding EUR 16 billion on December 31st, 2010. It is the No. 1 bank according to the number of customers - more than 4.6 million retail and corporate clients - and No. 1 bank in lending and saving.

Erste Group:
Is a leading provider of financial services in Central and Eastern Europe. More than 50.000 employees serve over 17 million customers in 3.000 subsidiaries in 8 countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, Serbia and Ukraine). On June 30, 2010, Erste Group held total assets worth EUR 209 billion.