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.
Six men and one woman from Romania have been accused of recruiting dozens of children and adults from foster care centers, whom they then transported to Hungary, where they turned them into slaves, forcing them to work under inhumane conditions. The accused are from the localities of Ozun and Chilieni, Covasna County, Romania, and allegedly […]
The Museum of Collectivization, the first in Romania dedicated to the forced collectivization period of the communist era, is set to open a new wing, Corp B, funded through the EU-backed National Recovery and Resilience Plan (PNRR) and co-financed by the National Cultural Fund Administration (AFCN). With the new building, the museum located in Tămășeni, […]
Romania’s “Madrigal – Marin Constantin” National Chamber Choir, conducted by Anna Ungureanu, will be in Luxembourg and Belgium, as part of the “Bridges Across Europe/Punți peste Europa” European tour, where it will perform five extraordinary concerts. The performances will take place between November 20 and 25, with the help of the Ministry of Culture, the Romanian Embassy […]
The European Development Bank approved a EUR 140 million loan for Romania’s “Cultural Foundations” project, aimed at preserving historical monuments and constructing cultural buildings in the country. The project targets 14 investment objectives of national and European relevance, administered by public institutions under the Ministry of Culture, including the Romanian Athenaeum, the Romanian National Operas […]
Bucharest, November 14, 2024 – Exim Banca Romaneasca offers clients the possibility to verify the true identity of the beneficiary when initiating a payment in RON through internet or mobile banking. This is enabled by the bank’s adoption of the Beneficiary Name Display Service (SANB), which helps prevent fraud and reduces erroneous transactions caused by […]
Fifty NGOs and civic groups, along with the Bucharest Environmental Platform, have drawn up an open letter calling on Romania’s Ministry of Environment, Waters, and Forests to urgently approve the Management Plan for the Văcărești Natural Park in Bucharest. They say the plan has been pending approval for nearly a year. The non-profits noted that […]
