Actual annual interest cannot exceed 50pct for consumer loans

The Chamber of Deputies, the decision-making body for this draft, adopted on Wednesday the bill on the legal payable and penalising interest on financial dues, providing for the actual annual interest not to exceed the legal interest by more than 50 percent per annum for consumer loans under 15,000 lei and 40 percent per annum for those with a value exceeding 15,000 lei.The deputies adopted in this respect the draft law for the completion of Government Ordinance ...

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