INVESTMENT LOAN (RON)

ROMCOM 2025 Loan Application Form

Lender

The investment loan granted in RON is provided through the Microfinance Company IFN ROMCOM SA (hereinafter referred to as “ROMCOM”).

Purpose of the Credit Product

1. Supporting investments made by newly established enterprises and micro-enterprises, as well as investments for the modernization and re-equipment of small and medium-sized enterprises in the production and services sectors, aiming to increase business activity, competitiveness, and sustainability in these sectors.
2. Supporting investments made by agricultural entrepreneurs in Romanian agriculture, increasing the competitiveness of Romanian agricultural products, and creating new jobs.

Eligibility Criteria

The investment loan granted in RON is primarily intended for entrepreneurs from the following counties: Bihor, Timiș, Arad, Sălaj, Satu Mare, Cluj, Maramureș, Suceava, Caraș Severin (ROMCOM may provide funding to entrepreneurs from other counties, subject to the availability of funds).

Entrepreneurs who meet the following eligibility criteria can benefit from funding through the ROMCOM program: General Criteria:

• Private commercial company, registered and authorized (PFA, II, AF, IF, SRL, SCS, SA), including newly established enterprises (start-ups), liberal professions, and non-profit organizations with a profit-making purpose.
• Development of a clear business concept, which should be presented in the funding application.
• Qualification or professional experience of the administrators/employees of the applicant in the field of activity for which funding is requested.

Specific Criteria:

• Existence of the necessary infrastructure for the project (land, buildings, utilities, etc.);
• Maintaining/Creating jobs as a result of project implementation;
• Economic feasibility of the project;
• Existence of collateral covering at least 120% of the loan value.

Eligible Activities

The funds obtained can be used for the following purposes:

• Purchase of licenses, software, new or second-hand machinery, equipment;
• Modernization and expansion of production capacities;
• Investments in the acquisition, construction, modernization, and/or expansion of business infrastructure (buildings, production halls, barns, warehouses, greenhouses, etc.);
• Purchase of livestock (milk production, meat, etc.).

Financing Conditions

• The loan amount granted to an eligible entrepreneur through the Investment Loan in RON is between 10,000 and 150,000 RON. Repayment is made in monthly installments.
• For the Investment Loan granted in RON, ROMCOM charges a fixed annual interest rate of 12%. The interest rate remains unchanged throughout the loan period. Customers with a good payment history on current or previous ROMCOM loans may receive a 1% interest rate reduction.
• The repayment period for the Investment Loan granted in RON is between 3 and 60 months.
• A grace period of up to 6 months may be granted, included in the repayment period, during which only monthly interest payments are required.
• Depending on the specifics of the financed activity, the loan may have a non-standard repayment schedule, with interest paid monthly and principal payments made in unequal installments, with annual equal principal repayments.
• The Effective Annual Rate (APR) is 24.07% for a loan of 150,000 RON granted with a 12% annual interest rate over 60 months, repaid in equal monthly installments, with no grace period.

Fees and Collateral

• After loan approval, the beneficiary will pay an approval fee of 3% of the loan amount, which will be deducted when the loan amount is disbursed.
• The loan will be secured with real estate or movable assets, covering at least 120% of the loan value.
• Depending on the credit application score, real guarantees may be supplemented with personal guarantees, such as endorsement of promissory notes and/or guarantees contracts.
• Notary fees, pledge or mortgage fees, and the cost of insuring the collateral (if applicable) will be borne by the beneficiary.
• For early repayment of the loan in full, an early repayment fee will be charged, based on the value of the early payment. The early repayment fee is calculated as follows:
  • 5% if early repayment occurs within the first 12 months from the loan agreement date;
  • 4% if early repayment occurs between 12 and 25 months;
  • 3% if early repayment occurs between 24 and 37 months;
  • 2% if early repayment occurs between 36 and 49 months;
  • 1% if early repayment occurs after 48 months.

For partial early repayment of at least 10% of the loan value with a reduction in the loan term, the early repayment fee will be calculated based on the amount of the early payment, and the interest rate will remain the same as at the time of signing, applied to the initial loan amount.

For partial early repayment of at least 10% of the loan value with the same or extended loan term, an early repayment fee will be charged based on the remaining principal before the early payment, and the interest will be calculated on the remaining principal using ROMCOM’s rate at the time of rescheduling.

The early repayment fee can be reduced by 50% if the loan does not accumulate late payment penalties, and repayment is made from own sources (excluding refinancing).

The assets or real estate securing the loan will be insured from the moment the loan agreement is signed for the entire loan period. The cost of insurance will be borne by the borrower, and the insurance will be assigned to IFN ROMCOM SA.

Deadlines and Documentation Submission Conditions

To obtain an Investment Loan in RON, applicants must contact IFN ROMCOM SA. Loan applications can be submitted by mail/courier to ROMCOM’s headquarters, directly at ROMCOM’s office, picked up directly by ROMCOM’s credit consultants, or sent via email to office@romcom.ro.

Loan applications will be analyzed and selected within a maximum of 7 days from receiving a complete application.

Contact Information

The contact details for submitting the loan application file are:

Microfinance Company IFN ROMCOM SA
Str. Gh. Doja Nr. 49A, Oradea, 410169
Tel: 0259 479 793, 0359 173 300
Email: office@romcom.ro
www.romcom.ro