EURIBOR is currently about 4.7% and if plus 5.3% am i correct in saying 10% and if there is an additional 0.5% commission charge each month onto the balance owing this would equate to somewhere in the region of 16%?


Not sure I have this right, but based on your figures this is criminal and without taking into consideration penalty clauses for early redemtion or arrangement fees.

The other thing I wonder if you could clarify is whether it is a Romanian mortgage or the finance is through a subsiduary of the selling agent.



Rates in Romania are normally no where near this amount, hence the opportunity that is to be had in Romania.