The online personal needs loan from OTP Bank has everything you need:
Fix interest rate*
9,99%
Creditable loan amount
1.000 – 100.000 lei
OTP Lejer package included (Current account and Mastercard debit card in lei, Internet & Mobile Banking)
Happiness is around the corner. Apply online and the dream you keep postponing can now become a reality.
*The interest rate presented has a discount of 1 percentage point compared to the standard interest rate, in case the income is received in your account from OTP Bank. The interest rate is determined at the granting moment of the loan based on your financial profile and will remain fix on the entire period of the loan.
Characteristics and benefits
The loan amount that can be borrowed is between 1.000 and 100.000 lei.
The reimbursement period of the loan is between 6 and 60 months.
The OTP Lejer package is FREE (Current account and Mastercard debit card in lei, Internet & Mobile Banking) if you collect 1,200 lei per month in the OTP Bank account and make at least one payment per month with the Mastercard debit card, with the telephone or through Internet Banking.If you do not meet these conditions, you receive all the benefits of the package for only 12 lei per month.
Which are the costs for online personal needs loan without mortgage?
Fix interest rate
Interest rate: is 9,99% yearly, in case you choose to have the income received in your account from OTP Bank.
The interest rate is determined at the granting moment of the loan and will remain FIX on the entire period of the loan, as long as you are receiving the income in OTP. It will be higher with 1 percentage point when you choose not to receive the income in your OTP account. You can check the detailed list of interest rates here.
Commissions
- 0 lei analysis commission.
- 0 lei commission for opening and administration of the current account.
- 0% monthly administration commission for the loan.
- For loans with fix interest rate, the anticipated repayment commission is 0,5% from the outstanding of the loan when the remaining loan period is less than 1 year, or 1% from the outstanding of the loan when the remaining loan period is higher than 1 year.
Taxes perceived by third parties
Tax perceived by National Registry of Movable Advertising for movable guarantees registration.
Personal loan ONLINE |
With income transfer option |
Loan amount |
10 000 lei |
Credit duration / Number of installments |
60 months / installments |
Interest rate |
9,99% |
Interet rate type |
Fixed |
Loan analysis commission |
0 lei |
Monthly installment |
212 lei |
The total cost of the loan |
2 745 lei |
Total payment amount |
12 745 lei |
APR |
10,46% |
How can you access the Online Personal Needs Loan?
Conditions to apply
- You are not and have not been an OTP Bank customer
- Your age is over 23 years old at the time of application, but up to 65 years old on the date of the final maturity of the loan;
- You are a Romanian citizen resident in Romania
- You are the real beneficiary of the funds
- You are not a publicly exposed person
- You are not part of a category of persons affiliated to the bank / clients in contact with other clients of the bank
- You have no litigation and you are not an employee / relative of an OTP Bank employee.
- You will not make transactions with virtual currencies (Bitcoin, Ethereum, etc.)
- You must be over 23 years old at the time of application, but up to 65 years old on the date of the final maturity of the loan;
- Romanian citizens domiciled in Romania;
- You have a seniority as an employee of:
- Minimum 3 months at the current employer and in the last 12 months total uninterrupted experience or
- Minimum 6 months experience with the current employer
You will need
- Identity card issued by the Romanian state
- Access to your email address
- Your mobile phone number
- Computer, tablet or mobile phone equipped with a video camera
- Stable internet connection
- One of the recommended browsers
Frequently Asked Questions
What is the minimum income accepted?
For Loan approval, your minimum net monthly salary must be 2079 lei. If you earn income from multiple employers, it is acceptable to cumulate them as long as at least one of the earnings is the equivalent of the national minimum wage.
What are the steps to take when I want to get an online loan?
The steps for contracting an online loan are:
- Online identification
Prepare your ID card. You will need to take a picture.
- Financial information
Complete your studies, your occupation, your income and other financial information.
- Confirmation of identity
Record a video to validate your identity.
- Offer confirmation
Confirm the credit offer, OTP Lejer package and card delivery address.
- Receiving money
You sign electronically and receive the money in your account.
What guarantees I have to bring for the Personal Needs Loan?
- OTP will register movable mortgage on our banking accounts.
What do labour interruptions represent?
Labour interruptions are the time period when you have not had a professional activity. The following are not considered to be interruptions: maternity leave, sick leave, military service, study leave, temporary working disability leave.
Can I choose the repayment date?
You can choose and change afterwards the due date as you wish. During your online application you establish the day when you like to have the repayment of the installment.
What are the possibilities for Loan repayment?
To repay your Loan installments, you can either go to OTP Bank branches or make transfers to your current account (where the required amount will be withdrawn at due date).