ROMANIA MINI-LOAN

ROMANIA MINI-LOAN

ROMANIA SMAL LOAN ROMANIA MINI-LOAN ROMANIAN SMALL CASH FINANCING SOLUTION

In Romania, a mini-loan is by definition a small loan solution that is elaborated by different types of Romanian lenders including Romanian banks who are specialized in granting mini-financing facilities to Romanian consumers who are in needs of fresh small cash to cover financial obligations.

In Romania, the mini-loan solution is becoming a banking finance product that is offered by Romanian non-banking lenders as well and that satisfies generally urgent settlement payment of Romanian households particularly when it comes to paying an overdue bill or rent arrears for Romanian tenants.

In Romania, a small loan is characterized by its typical size that is granted by a Romanian lender and that foresees mini-financing amounts between 100 Euro and 1000 Euro that are disbursed upon lender approval with the borrower commitment to repay it in instalments within a period ranging from 2 to 4 months.

In Romania, the mini-loan is helpful to any Romanian consumer who feels difficult to access to a standard personal loan at his house bank for diverse reasons, however the price paid by Romanian small loan is quite high as lenders charge high interest rates going up to 20% per year in some cases.