Loans that start with a low interest are deceiving - Azi

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The fashion of interest rates that remain fixed for a year at the most for housing loans has led to a wave of refinancing.

"When the client enters the second year of the contract and sees that the interest rate doubles, the first move is to refinance the loan. We practically end up moving the same clients from one bank to another," notes Lucian Cojocaru, chief executive of the Commercial Department of BRD-SocGen. The issue of loan refinancing was also brought up by Rasvan Radu, chief executive...

Read the whole story in: Ziarul Financiar