How does the current interest rate evolve over the life of the loan?
During the course of the loanthe level of the current interest rate may change in line with changes in the reference index:
➤⠀IRCC* / ROBOR* for RON loans;
➤⠀EURIBOR* for loans in EURO;
➤⠀LIBOR* for loans in USD.
Interest will be updated and modified quarterly by us based on the IRCC / ROBOR / EURIBOR / LIBOR index in force on the last day of the previous quarter (i.e. 31 March, 30 June, 30 September and 31 December) and will apply from the first working day of the new quarter. 📆
* If you are curious to know more about benchmarks, please visit the question "What is IRCC, ROBOR, EURIBOR or LIBOR?".😉
❗⠀If you're thinking of taking a credit:
➤⠀you can calculate your monthly instalments online in the BT credit simulator;
➤⠀and then find out over the phone if you qualify for the desired amount. 😃