Zero analysis fee for Millennium Bank’s refinancing loans |
Autor: Bancherul.ro
2011-06-30 11:39 |
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Millennium Bank clients can benefit until the end of the year from zero analysis fee when contracting a refinancing loan. The bank decided to extend the promotion period, initially set until the end of June 2011.
Millennium Bank’s refinancing offer includes both mortgage and home equity loans, designed to answer specific client needs. The Mortgage Loan addresses customers who want to refinance an existing mortgage loan in order to reduce the monthly instalment.
The loan amount can reach up to 90% of the collateral’s value. The variable interest rate is calculated as three-month Euribor/Robor plus a margin starting from 5%, depending on the down payment percentage and the clients’ option to transfer their income to the bank.
The standard Cash Loan with Mortgage can refinance any type of loan in order to have only one monthly installment. The loan amount can reach up to 75% of the mortgaged real estate value and its interest rate is made of three-month Euribor/Robor plus a margin starting from 6%.
The Refinancing Cash Loan with Mortgage allows clients to refinance an existing mortgage loan and, in addition, get an extra amount to use either to refinance other debt or for other purposes, without justification needed. Its amount can reach 75% of the mortgaged real estate value and the margin starts from 5.5%.
Clients benefit from free life insurance and zero administration fee for all the three loan types.
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