What is IRCC, and how does it affect my monthly loan payment?

The IRCC is an index established by the National Bank of Romania (BNR) and updated quarterly. It applies only to variable-rate loans: if the IRCC rises, your interest rate goes up; if it falls, your interest rate goes down.

For example, an IRCC of 5.5% plus the bank’s margin of 1.9% results in a total interest rate of 7.4%. You can find the current IRCC rate on the NBR website.