WORKING CAPITAL LOAN WITH INSTALLMENTS (RON)

Form: ROMCOM Loan Application 2025

Lender

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

Purpose of the Loan Product

• Supporting the activity of micro-enterprises, as well as small and medium-sized enterprises in the production and service sectors, increasing business volume and improving competitiveness and sustainability in these sectors.
• Supporting the activity of agricultural entrepreneurs in Romanian agriculture, increasing business volume and competitiveness in this sector.

Eligibility Criteria

The working capital loan with installments granted in RON primarily targets entrepreneurs in the following counties: Bihor, Timiș, Arad, Sălaj, Satu Mare, Cluj, Maramureș, Suceava, Caraș Severin (ROMCOM may also grant financing to entrepreneurs from other counties, depending on available funds).

Entrepreneurs who meet the following eligibility criteria cumulatively can benefit from financing through the ROMCOM program:

General Criteria:

• Private commercial company, registered and authorized (PFA, II, AF, IF, SRL, SCS, SA), including newly established businesses (start-ups), liberal professions, and NGOs with profit-oriented activities.
• Development of a clear business concept to be presented in the funding request.
• Qualification or professional experience of the administrators/employees of the applicant in the field in which financing is requested.

Specific Criteria:

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

Eligible Activities

The funds obtained can be used for the following purposes:

• Financing ongoing business activity.
• Purchase of raw materials, materials, goods, depending on the nature of the activity.
• Payments to suppliers, salaries, taxes, and other current expenses.
• Purchase of inventory items.

Financing Conditions

• The loan amount that can be granted to an eligible entrepreneur through the working capital loan with installments granted in RON ranges between 10,000 and 150,000 Lei. Repayment is made in monthly installments.
• For the working capital loan with installments granted in RON, ROMCOM charges an annual linear interest rate of 12%. The interest remains unchanged throughout the loan term. Clients with a good payment history or previous loans from ROMCOM may receive a 1% interest reduction.
• The repayment period for the working capital loan with installments granted in RON is between 3 and 36 months.
• In some cases, a grace period of up to 3 months may be granted, included in the repayment period, during which only the monthly interest will be paid.
• Depending on the specific activity financed, the loan may have an atypical repayment schedule, where the interest is paid monthly, and principal payments are made in unequal installments, provided that annual principal repayments are equal in value.
• The Effective Annual Interest (DAE) is 26.13%, calculated for a working capital loan with installments granted in RON of 150,000 Lei, granted with a 12% annual linear interest rate, over 36 months, with equal monthly installments and no grace period.

Commissions and Guarantees

• After loan approval, the beneficiary will pay a 3% origination fee on the loan amount, which will be deducted when the loan is disbursed.
• The loan will be secured with real estate or movable assets covering at least 120% of the loan amount.
• Additionally, depending on the credit score of the loan request, real guarantees may be complemented with personal guarantees, such as the endorsement of promissory notes and/or guarantee contracts.
• Notary fees, pledge or mortgage fees, as well as 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 amount of the early payment. The early repayment fee will be calculated as follows:
  • 5% if early repayment is made within the first 12 months from the loan agreement date;
  • 4% if early repayment occurs between 12 and 25 months from the loan agreement date;
  • 3% if early repayment is made after 24 months from the loan agreement date.
• For partial early repayment of at least 10% of the loan amount with a reduction in the contract term, an early repayment fee will be charged based on the amount of the early payment, and the interest rate will remain the same as when the contract was signed, applied to the initial loan amount. The early repayment fee will be calculated as follows:
  • 5% if early repayment occurs within the first 12 months;
  • 4% if early repayment occurs between 12 and 25 months;
  • 3% if early repayment occurs after 24 months.
• For partial early repayment of at least 10% of the loan amount with retention or extension of the contract term, an early repayment fee will be charged based on the remaining principal to be paid before the early payment, and the interest will be recalculated based on the remaining principal after the early repayment, applying the interest rate practiced by ROMCOM at the time of rescheduling. The early repayment fee will be calculated as follows:
  • 5% if early repayment occurs within the first 12 months;
  • 4% if early repayment occurs between 12 and 25 months;
  • 3% if early repayment occurs after 24 months.
• The early repayment fee may be reduced by 50% if the loan has no late payment penalties and the 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 duration of the loan. The cost of the insurance will be borne by the borrower, and the insurance will be assigned to the Microfinance Company IFN ROMCOM SA.

Deadlines and Documentation Submission Conditions

To obtain a working capital loan with installments granted in RON, applicants must contact the Microfinance Company IFN ROMCOM SA. Loan applications can be sent by mail/courier to ROMCOM’s headquarters, submitted directly at ROMCOM’s office, collected directly by ROMCOM credit consultants, or emailed to office@romcom.ro.

The credit applications will be analyzed, and the projects to be financed will be selected within a maximum of 7 days from the receipt of a complete credit application.

Contact Information

For submitting the loan application file, please contact:

Societate de Microfinanţare IFN ROMCOM SA
Gh. Doja Nr. 49A, Oradea, 410169
Phone:      0259 479 793, 0359 173 300
Email:  office@romcom.ro
www.romcom.ro