Loans can also be used for land acquisitions and even to refinance loans with the same destination, taken from other banks, Banca Romaneasca said. Loans for acquisitions or construction of houses and apartments can have a value of up to 200,000 Euro, while maturities can reach 25 years. For renovation works, loans can have a maximum value of 25,000 Euro and a maturity of between one and ten years. The bank also said loans could be denominated in lei, Euro or USD.
