MORTGAGE LOAN

REQUIRED DOCUMENTATION

to apply for a Real Estate Loan:

A. PRE-APPROVAL

1.Loan application form - provided by the Bank;

2.The applicant's ID copies;

3. Copy of the Labour contract certifying that the applicant has been hired for undetermined period of time and copies of the additional act/s to this contract, if the case;

4. Copy of the Labour Book updated and according to the original, signed by the empowered persons;

5. Income statement signed by the employer certifying the applicant's net salary and other details (i.e. currency, salary adjustment clause);

6. In case of self employed individuals a fiscal income declaration is requiered and documents which can define the income profile of the company (Constitutive Deeds, Balance Sheet and Profit & Loss account etc.);

7. The last 3-month statements of the credit card if any;

8. The same documents are needed for the spouse;

9. Any other document supporting the application related to applicant's monthly income details.

B. FINAL APPROVAL

1. The ownership documents of the real estate to be bought (sale-purchase contract);

2. Cadastral file and registration report;

3. Fiscal Certificate issued by the Tax Authority where the immovable is located;

4. Valuation Report for immovable asset prepared by a company agreed by the Bank;

5. Land register excerpt issued by the OCPI of the city where the immovable is located;

6. In case of apartment acquisition - Declaration issued by the Owners Association (Asociatia de Proprietari) and certified by the City Hall of the city where the immovable asset is located;

7. Any other documents related to the immovable assets to be bought/mortgaged.

The applicant must conclude a House Insurance of the property to be mortgaged to be assigned in favor of the Bank (if applicable).