Your reliable specialist in obtaining bank loans!
What documents are required to obtain a personal loan?

In most cases only the identity card is needed. In exceptional cases an income certificate is also required. This will be completed by the employer depending on the profile of the client or employer.

What are the disadvantages if we go from bank to bank to ask for credit offers?

After searching for the best credit offer, each bank will query your credit history. These queries can seriously decrease your chances of obtaining a loan. This happens due to the drop in each clients FICO score. Our consultants will analyze your profile after this. They will guide you to the bank with the most suitable offer for you. This process helps avoid a decrease in your FICO score.

What is the difference between an unsecured personal loan and one with real estate collateral?

An unsecured loan is faster to obtain (approval, on average, within 24 hours) and does not require mortgaging an asset, but the available amounts are smaller, determined based on the applicant’s income.

A loan with real estate collateral allows access to much larger amounts, up to 500,000 lei, with the value determined by both income and the appraisal of the property provided as collateral. It is a suitable solution when you need a significant amount and own a property that you can use as guarantee.

How long does it take to get the money after applying for a loan?

The approval time varies depending on the client’s profile and the chosen bank, but it takes 24 hours on average for an unsecured loan. For clients with a very good financial profile, the money can be available on the very same day the contract is signed. Loans with real estate collateral typically require more time due to the appraisal of the property used as collateral.

What happens if I am late on a payment?

A late payment is reported to the Credit Bureau and can affect your credit score in the medium and long term, making it harder to obtain future loans. We recommend contacting the financing bank or a New Credit consultant early on if you anticipate a payment issue; often, solutions can be found (rescheduling, restructuring) before the delay is reported.

Can I repay the loan earlier than the contracted period?

Yes. Early repayment, whether partial or full, is a right provided by law for any consumer credit contract. Depending on the bank, this may involve a small early repayment penalty, applicable only under certain conditions stipulated in the contract. New Credit consultants can help you understand the exact applicable costs before making this decision.

Can I get a loan if I have a negative history with the Credit Bureau?

It depends on the severity and age of the negative history. New Credit analyzes each situation individually and identifies the banks or lending solutions compatible with your profile, including options for clients with an impacted credit score. It is recommended to speak directly with a consultant, who can realistically tell you what your chances are and what steps you can take to improve your credit profile.

What exactly is New Credit's role, are you a bank?

No, New Credit is not a bank. We research the banking market on your behalf, analyze existing offers, and identify the best lending solutions available for your financial profile, ensuring you obtain the lowest interest rate and the most advantageous conditions possible.

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Find out more ABOUT US

Personalised financial solutions

New Credit offers consultancy in order to obtain credit solutions, offering all types of loans—from unsecured personal loans, consumer loans, and secured loans to refinancing, ‘Noua Casă,’ and credit cards—designed to meet diverse financing needs.

NewCredit – Personal loan, mortgage loan, refinancing, car loan –

With over 10 years of experience in finance, especially in personal loans, we have over ten thousand satisfied clients who turn to us whenever they need a banking product or financial advice.

We’re here to help you with a personal loan, a mortgage loan, a car loan, a credit card, or refinancing an existing loan.

We assess your situation and provide the best loan options for you and your family. We partner with major banks, working together to find the best offer tailored to your needs.”

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