CEC Bank offers personal loans with fixed interest rates starting at 6.99% per year, for terms of up to five years. Financing can reach RON 220,000 for loans contracted at the bank’s branches, while online applications are available for amounts of up to RON 120,000.

CEC Bank Offers Loans of Up to RON 220,000

Customers who receive their income through CEC Bank can benefit from a fixed interest rate of 6.99% per year. For customers who do not receive their income through the bank, the standard interest rate is 8.49% per year.

The loan requires no down payment or collateral, and the bank does not charge an application or loan origination fee. The financing can be used for various personal projects, from home renovations to purchasing a car.

The Loan Can Be Accessed Online

For amounts of up to RON 120,000, the entire lending process can be completed online. Customers provide the required information, verify their identity via video call, receive approval and electronically sign the agreement. According to CEC Bank, the process can be completed in approximately 30 minutes.

Eligible customers who choose the online option can also apply for a credit card, with the possibility of paying for purchases in up to 24 monthly instalments without interest, subject to the product’s terms and conditions.

Fixed Interest Rate Starting at 6.99% per Year

For an online loan of RON 30,000 taken over 53 months, the representative example indicates a monthly administration fee of RON 20, a first monthly instalment of RON 679.54, an APR of 8.74% and a total amount repayable of RON 36,015.22.

The loan is available for terms ranging from one to five years, and applicants may include a co-borrower, such as a spouse.