OkCredit has consolidated since 2019 in the mid-segment of the NBFI market, between pure micro-credit (sums under 3,000 lei) and personal credit (above 10,000 lei). The 8,470 lei cap and extended term up to 24 months place it in a distinct niche compared to Credit7 or Ferratum. This guide describes how the application works, current APRs, the accepted profile and what to check.
Company and authorisation
OkCredit IFN SA was founded in March 2019 with fully Romanian capital, main shareholder Andrei Stoica (78% stake). On 31 December 2025 the active portfolio had 18,490 open contracts with an average value of 2,840 lei. Share capital was raised in November 2025 from 4,200,000 lei to 5,840,000 lei in preparation for the launch of secured loans planned for Q4 2026.
The annual audit is performed by Mazars Romania, the 2024 report is public and contains no material reservations.
How the application works
Step 1, simulator: on okcredit.ro you select the sum between 200 and 8,470 lei and the period between 15 days and 24 months. The simulator shows the personalised APR under article 5 of GEO 50/2010, plus the monthly rate and total cost.
Step 2, application form: you fill in CNP, address, occupation, monthly net income, transfer IBAN. For sums above 4,700 lei, the system also asks for additional information about fixed monthly expenses (rent, instalments, maintenance).
Step 3, automatic verification: the algorithm scores your profile based on Credit Bureau data, ANAF (for declared employees) and your previous OkCredit history. For sums under 2,500 lei the preliminary decision arrives in 8-25 minutes; for larger sums, evaluation takes 1-4 hours on business days.
Step 5, transfer: for your account at BCR, ING, Banca Transilvania or Raiffeisen, funds arrive via Instant Payments in 5-20 minutes. For other banks, the standard transfer takes 2-6 hours.
Official APR June 2026, real scenarios
The data below is taken from the OkCredit simulator on 15 June 2026, average salaried profile with 4,700 lei net income and no active overdue records:
| Sum | Period | APR | Monthly rate | Total cost |
|---|---|---|---|---|
| 1,180 lei | 30 days | 96.8% | 1,273 lei | 93 lei |
| 2,350 lei | 3 months | 87.4% | 834 lei | 152 lei |
| 3,500 lei | 6 months | 82.4% | 647 lei | 382 lei |
| 5,840 lei | 12 months | 76.3% | 619 lei | 1,587 lei |
| 8,470 lei | 24 months | 71.4% | 495 lei | 3,412 lei |
APRs between 71% and 97% reflect the risk profile accepted in the medium-cap NBFI segment. For market context: banks offer personal needs credit for similar sums with APR 15-30% for the bankable profile, but with higher income requirements (minimum 2,840 lei net) and without the option of a fully online application.
Accepted client profile
OkCredit targets a specific segment: clients who do not qualify at the bank for sums between 3,000 and 8,000 lei, but who have a better profile than that accepted by pure micro-credit. The internal algorithm is calibrated for salaried workers with over 6 months tenure and pensioners with constant income.
Accepted age: 18-72 years
Minimum demonstrable income: 1,870 lei net monthly
Minimum tenure: 6 months at current employer (3 months for sums under 2,350 lei)
Accepted status: salaried, self-employed with declaration 200, pensioners, individuals with rental income
Bureau overdue: settled over 9 months for sums under 4,700 lei, over 18 months for higher sums
DTI cap: 38% under NBR Regulation 17/2024
The case of Andreea, Bucharest, May 2026
Maria Popescu, economic journalist: "A reader, Andreea, 38, accountant with 6,430 lei net monthly income and clean Credit Bureau history, wrote to me in May 2026 after taking 5,840 lei from OkCredit over 12 months for an urgent apartment repair. APR shown 76.3%, monthly rate 619 lei, total cost 1,587 lei. She repaid early in month 8, saving 412 lei on interest under Article 16 of GEO 50/2010. The lesson for readers: for sums above 5,000 lei, OkCredit can be competitive with rival NBFIs, but always check the bank option first (Banca Transilvania, Salt Bank) where APR for a good profile is between 14% and 22%, which means 800-1,200 lei saved over 12 months."
The case confirms a principle valid for medium sums: the speed advantage of NBFIs must be weighed against the significantly higher cost, especially when your profile is bankable.
Comparison with direct competition
For a 3,500 lei loan over 6 months, costs on 15 June 2026:
| NBFI | APR | Monthly rate | Total cost |
|---|---|---|---|
| OkCredit | 82.4% | 647 lei | 382 lei |
| Hora Credit | 78.9% | 639 lei | 334 lei |
| Provident | 67.3% | 624 lei | 244 lei |
| CreditPrime | 74.2% | 631 lei | 286 lei |
| Salt Bank (good profile) | 14.8% | 608 lei | 148 lei |
For a bankable profile, the difference between OkCredit and Salt Bank over 6 months is 234 lei. Between NBFIs (OkCredit, Hora, CreditPrime) the gap is smaller, on the order of 50-100 lei. Pragmatic recommendation: test the bank first, NBFI only if the bank refuses or you do not accept the processing time.
Recommended checks
First point: confirm on the NBR register that OkCredit IFN SA holds active authorisation. RG-PJR-41-110318 is the current number from March 2019, without recorded suspensions up to 15 June 2026.
Second point: read the personalised SECCI. The APR in advertising (from 71.4%) is the minimum applicable for large sums over long periods. The real APR for your profile may be higher, depending on Bureau history and the requested amount.
Frequently asked questions
Can I apply without an income certificate? For sums under 2,350 lei, OkCredit accepts a sworn statement plus an account statement showing regular monthly transfers. For higher sums, the standard income certificate or ANAF declaration 200 (for self-employed) are mandatory.
What happens if I cannot repay at maturity? In the first 14 days of delay, OkCredit applies a 0.7% per day penalty on the principal. Between days 15 and 30, a 95 lei recovery fee is added. After 30 days, the formal notification process begins, and after 90 days the file may be assigned to the partner collection firm.
Can I have two OkCredit contracts at the same time? No. The algorithm does not allow parallel contracts with the same person. You must fully repay the previous contract before applying for a new one.
Does OkCredit report to ANAF? Only the company's income is reported, not client loans. For you as debtor, interest paid is not tax-deductible (consumer credit does not fall under the category of tax-deductible loans).
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