The interest rate for home equity loans in EUR is 7.5% per year. The tenor is up to 15 years, while the maximum amount granted can reach EUR 100 000.
Through the decrease of those interest rates ABN AMRO Bank wants to offer its potential clients access to more accessible financing sources. The clients applying for this type of credits enjoy the advantages ABN AMRO Bank offers, especially the benefits of the existing direct sales force. ABN AMRO offers its clients the possibility to meet the bank’s representatives at the place and time most convenient for them.
Mr. Peter M. Weiss, President of ABN AMRO Bank (Romania) S.A. commented: “We decreased the interest rates for the mortgage and home equity loans in EUR as we aim to better meet our clients demands and to offer them more accessible financing sources”.
Mr. Haris Hanif, Senior Vice President, Head of Consumer Banking of ABN AMRO Bank (Romania) S.A. commented: “Through the interest cut introduced by the Consumer Banking ABN AMRO we continue our strategy of offering high quality services and products at a very competitive price.”
About ABN AMRO:
ABN AMRO Bank (Romania) S.A., a subsidiary of ABN AMRO NV one of the world’s largest banks with total assets of more than EUR 880 billion and a presence in over 60 countries and territories, has been present in Romania since November in 1995. ABN AMRO Romania currently operates in 15 cities in Romania (Arad, Bucharest, Brasov, Bacau, Cluj, Constanta, Craiova, Galati, Iasi, Oradea, Pitesti, Ploiesti, Sibiu, Tirgu-Mures and Timisoara). Using its worldwide network, the bank provides integrated financial products and services for its commercial and consumer clients.
Starting from September 2004, ABN AMRO Romania offers retail products and services to the consumers in Romania. The product offering developed rapidly, including at the moment current accounts, cards, overdraft facilities, mortgage loans, personal loans, saving plans. During its over ten years of existence in Romania, ABN AMRO Bank built its name as a reliable, solid and professional partner.
