Fast online loans

How do fast online loans work?

CreditFix stays outside the active list until its contractual example and public cost can be matched without discrepancies. Here it is a searched name, not a recommendation.

Roman Dumitrescu, Head of Editorial

The list brings together lenders and intermediary platforms. Each intermediary is marked as such and the application continues on its platform; the final lender decides eligibility, costs and payout timing.

Mind the APR: fast loans usually cost more than bank loans. Always compare the total cost before applying.

• ✓Online comparison, no bank visits
• ✓Each card identifies a lender or intermediary
• ✓Amounts from 100 to 50,000 lei
• ✓Available even for your first loan

Online IFN vs bank: what to check before you apply

Fast loans in Romania are offered almost exclusively by non-bank financial institutions (IFNs) and a few banks with automated online products.

Every legal IFN must be registered with the National Bank of Romania in the Special IFN Register, under Law 93/2009.

Before applying to a lender you don't recognise, open bnr.ro and search the name in the register.

If it's missing or marked as “struck off”, that's a clear signal to look elsewhere.

IFN offers differ by maximum amount, term and APR, and for the same amount the cost gap can be very large.

The official examples checked on 21 October 2026 show it: Provident publishes 4,500 lei over 19 months at an APR of 134.29%, while BSG Credit publishes, for a second loan, 1,000 lei over 30 days at an APR of 2,397.65%.

For small amounts and short terms the annualised APR can exceed 1,000%, so compare the total repayable in lei.

The minimum credit score required by IFNs is generally more lenient than at banks: many approve consumers with average histories, as long as there are no active delays.

In exchange, they usually ask for just one proof: ID plus a source of income (bank statement, employment contract). The cost of speed is a higher APR.

If you can wait 2-3 working days, a bank loan is almost certainly cheaper.

What to enter in a simulation: amount, term, total payable

Start from the amount you actually need, not the maximum you could be approved for.

The monthly instalment only shows what you pay in one month. The total payable shows what you repay in the end, with interest and fees.

A longer term usually lowers the instalment, but interest runs for more months; compare offers for the same amount and term and choose by the total, not by the instalment.

How to read a representative example: the Provident case

Provident publishes an example of a 4,500 lei loan over 19 months, taken online, at a fixed 80.50% a year and an APR (DAE) of 134.29%.

The monthly instalment is 446.97 lei and the total payable is 8,492.33 lei.

The lender breaks the total into the amount borrowed, interest of 3,592.33 lei and a 400 lei file analysis fee.

The APR expresses the whole cost on a yearly basis, including interest, fee and payment schedule, which is why it differs from the nominal rate.

The example is not your offer: your personal cost appears in the SECCI form you receive before signing.

The legal frame: creditworthiness and the cost cap

Art. 30 of GEO 50/2010 requires the lender to assess the consumer's creditworthiness before the contract is concluded, based on sufficient information obtained also from the consumer and, where appropriate, by consulting the relevant database. A fast answer does not mean the check is missing.

Law 243/2024 applies to relations between consumers and non-bank financial institutions (IFNs) or debt collection entities, for consumer credit as defined in the law (at most 100,000 lei, over at most 5 years, without a real-estate mortgage).

It is not a general cap on bank loans. For these IFN loans, the APR may not exceed the NBR lending facility rate by more than 27 percentage points.

Loans up to 25,000 lei have special rules: a total cost of at most 1% a day up to 5,000 lei, 0.8% a day between 5,001 and 10,000 lei and 0.6% a day between 10,001 and 25,000 lei, and the total payable may not exceed double the total credit amount.

More in the Law 243/2024 guide.

What changes the cost of a fast loan

Term, analysis or administration fees and insurance can change the total for the same amount.

Check in the SECCI form which costs are included in the APR and which remain separate.

Once you have two or three offers for the same amount and term, put them side by side in the list of all Kreditano offers and check the date each source was verified.