The need for financing among Romanians has grown over the past year as a result of rising costs, which have compelled the majority of them to obtain more funding for their initiatives or to purchase the necessities for a more comfortable lifestyle. In this regard, a tbi bank study of 1,057 respondents nationwide revealed that more than a third of Romanians (34.3%) intend to take out a loan in the upcoming months, with nearly 62% of them wanting a personal needs loan.

Approximately 20% of the participants intend to utilize the funds for home renovations, over 18% require finance for a car purchase, and nearly 12% want to purchase household appliances. Additionally, the majority of respondents (63,8%) believe that favorable terms are the most crucial thing to consider when selecting a bank to receive finance, with 28% citing the institution's legitimacy as a crucial consideration.

”Favorable credit terms are extremely important for consumers, which is to be expected. Today's consumers are much better informed and much more careful about details than they were 10 years ago. We operate in a competitive market, which has a beneficial effect on how people can obtain finance on increasingly favorable terms”, Gergana Staykova, Market Leader, Romania, tbi bank, mentioned.

Over 40% of the participants stated that they require funding of up to 10,000 lei, and over 50% believe they can repay the loan in full within three years at most. Although some of them might have some difficulty, 90% of the subjects stated that they can repay a loan given the current economic climate and the family's financial status. Nearly 35% of respondents stated they would call for assistance from family members in the event that they were unable to make loan payments, nearly 17% said they would opt to apply for another credit, and 4,6% indicated they would stop paying altogether.

Using the iVox platform, a statewide poll on Romanians' perceptions of financing was done by tbi bank from August to September 2023, involving 1,057 internet users in total. More than half of the participants are female, slightly over half are at least 45 years old, and over 87% reside in cities.