People who want to refinance their mortgage/home loans in RON or EUR with Banca Transilvania can benefit from lower monthly payments. The latest BT offer, available through the end of this year, means more competitive terms, the bank covering notary fees and waiving the property appraisal fee.  

Who the BT offer is for and what it entails

Banca Transilvania is targeting people who want to manage their money better so they can invest in new plans. It is intended for those who, based on BT’s calculations, could obtain a lower monthly payment, and involves taking out a new mortgage with BT to close an existing one from another bank.

To make the journey towards lower payments as smooth as possible, BT supports customers by covering the notary fees for transferring the mortgage lien, in the amount of 1,000 lei net, paid directly into their account. Those interested can find out online, as an indication, the total amount payable and the monthly payment after refinancing with BT. These depend on the outstanding amount, the chosen refinancing term, and whether the person’s income is paid through BT or through other banks.

5 steps to refinance with Banca Transilvania:  

• Obtain the refinancing approval from the bank that holds your current mortgage/home loan, except for loans under the Prima Casă program;
• Choose a notary to assist with the mortgage deed;  
• Request a new Land Book information extract, which can be obtained online;
• Apply for Banca Transilvania’s offer with the following documents: ID, proof of income, the refinancing approval from the bank that granted the original loan, and the property title documents;
• After the refinanced loan is closed, together with the representative of the bank that granted the original loan, a release letter is prepared at the notary, based on which the notary obtains the Land Book extract showing the mortgage in favour of BT.

You can apply for the refinancing offer on the bank’s website or at any of BT’s more than 500 branches.