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.
Two Romanians were arrested during Sunday night, May 11, after robbing empty houses in the evacuated mountain village of Brienz located in the Swiss canton of Graubünden. The village had been evacuated since November due to rock falls. The locality was, however, monitored by the authorities to prevent break-ins. The would-be thieves apparently tried to […]
The European Bank for Reconstruction and Development, or EBRD, has revised its estimates regarding the evolution of the Romanian economy in 2025 downward to 1.6%. The bank expects Romania’s GDP to grow 0.2% less than the 1.8% estimate made in February, and to increase by 2.4% in 2026. Romania's GDP growth slowed to 0.8% in […]
During a meeting on Monday, May 12, the Cluj-Napoca Local Council approved a draft resolution that imposes smoking restrictions in several public spaces in the city, including public transport stations, parks, and sports facilities. The resolution was adopted with 22 votes in favor and 3 abstentions, and will come into effect 90 days from the […]
An internal survey by Romanian Business Leaders, which does not have national representativeness but was answered by 417 entrepreneurs, shows that 62% of entrepreneurs expect to have to make layoffs, while a third expect the number of employees to remain the same. The expected layoffs are directly connected to the possibility of Romania choosing a […]
Romanian Istvan Kovacs will be the main referee for the UEFA Champions League final between Paris St-Germain and Inter Milan, which will be played on May 31 in Munich. The match will be Kovacs’ third European final in the last 4 years. The 40-year-old referee has previously officiated the UEFA Europa Conference League final in […]
Over 70 museums across Romania will open their doors after hours for the 21st edition of Night of Museums, one of the country's most anticipated cultural events. Held on the night of May 17, the event offers visitors a unique opportunity to explore exhibitions, installations, and creative activities in an unconventional, late-night setting. From major […]
