IRCC vs. ROBERT. What do the calculations look like after four years? ZF analyzed three variants of…

The rate for a mortgage loan linked to IRCC, in the amount of 250,000 lei, over a period of 30 years reached 1,605 lei in the first quarter of 2024, taking into account a 3% margin applied by the bank, while the same loan mortgage but linked to ROBOR would have reached around 1,619 lei in March, according to ZF calculations made with the help of the Conso.ro platform.

Thus, in order to provide an overview of the mortgage rate situation, both related to ROBOR and IRCC, ZF made simulations on the Conso platform and calculated the rates for a mortgage loan in the amount of 200,000 lei, 250,000 lei and 300,000 lei, over a period of 30 years, for each of the two indices from the last four years to see the approximate evolution of the rates. A margin of 3% was added to the level of the IRCC index in each quarter, representing the bank’s margin. As a rule, banks set a margin between 2.5% and over 3%, depending on the policy of each credit institution.