Digital bank Revolut on Wednesday released a loan refinancing solution, for the first time globally, on the Romanian market.The first Romanian clients have already been invited by the digital bank to apply for the unsecured personal loan with refinancing.The lending products are offered by Revolut Bank, an entity licensed in Lithuania that carries out banking operations in the European Economic Area (EEA).At the same time, to mark passing the RON 1.3 billion mark in approved loans, Revolut comes with a new offer, after releasing consumer credit for the Romanian market in August 2022.With the new refinancing operation, Revolut customers will be able to manage their monthly budget more efficiently by consolidating existing loans into a single facility."Customers can choose to refinance one or more RON-denominated loans extended by other banks in Romania or by Revolut. Other personal loans, credit cards or overdraft facilities can be refinanced. In addition, customers have the option to request an additional amount of money. As in the case of the personal loan, the maximum value that a refinancing loan granted by Revolut can have is 200,000 lei," according to Cristian Voinea, senior Product Manager Loans at Revolut.The application for refinancing is made directly from the application, on a simple flow, without red tape and headaches.Information on the credit facilities eligible for refinancing is automatically extracted from official sources and presented to the client to select the loans to be refinanced, giving the opportunity to see, in real time, the potential impact of refinancing in the total monthly payment."Our goal is to become the global financial application that provides customers with everything they need to manage their personal budget in one place. In Romania, this ambition translates into the ecosystem of financial and lifestyle products and services, accessible at a few clicks away, with relevant benefits and transparent costs. The next step in our strategy is to become the main bank account of Romanian customers, and the release of the personal loan with refinancing brings us closer to this goal. We are happy to be the first market where we release this product and thus bring a different banking experience, which enjoys the appreciation of millions of local customers locally," according to Gabriela Simion, Revolut Bank Romania general manager.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
