Bankers charge lower interest rates for loans applied for byclients receiving their salaries in a current account, saying thatby controlling their monthly incomes they can curb thenon-repayment risk.
Clients bringing their salary account at the bank they want totake out a loan from can get as much as 2% cheaper funding from thestandard offer.
"The bank's having access to clients' monthly incomes and beingable to automatically extract the monthly instalment from theircurrent account means lower risk, which accounts for the interestcuts. At the same time, banks can much more easily make a decisionat the moment the respective clients want to renew their loans oraccess another loan," comments financial analyst Dragoş Cabat.
The largest interest cuts are for consumer loans and they appearin the offers of some second-tier banks, which are this way tryingto gain market share at a time when most players are reluctant tolend money to individuals.
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