IRCC today and history
The reference index for variable-rate loans in lei, published by BNR: the value in force, every value since 2019, and what it means for a loan payment.
The reference index for variable-rate loans in lei, published by BNR: the value in force, every value since 2019, and what it means for a loan payment.
5.57%up+0.01 ppfrom the previous quarter
Calculated from interbank transactions in quarter 2 of 2026; it applies for one quarter.
Source: Banca Națională a RomânieiValid for updated
A loan of 350,000 lei over 25 years, with a bank margin of 2.5 percentage points over IRCC, at the values on record:
| Case | IRCC | Rate | Monthly payment |
|---|---|---|---|
| At the low of October 2021 | 1.08% | 3.58% | 1,767 lei |
| At today's IRCC | 5.57% | 8.07% | 2,718 lei |
| At the high of October 2025 | 6.06% | 8.56% | 2,832 lei |
An illustration with equal payments, based on historical values. It is not a forecast: future IRCC can fall outside this range.
| In force from | Calculated for | IRCC | Change |
|---|---|---|---|
| Q2 2026 | 5.57% | up+0.01 pp | |
| Q1 2026 | 5.56% | down−0.02 pp | |
| Q4 2025 | 5.58% | down−0.10 pp | |
| Q3 2025 | 5.68% | down−0.38 pp | |
| Q2 2025 | 6.06% |
| Q1 2025 | 5.55% | unchanged0.00 pp |
| Q4 2024 | 5.55% | down−0.11 pp |
| Q3 2024 | 5.66% | down−0.33 pp |
| Q2 2024 | 5.99% | up+0.13 pp |
| Q1 2024 | 5.86% | down−0.04 pp |
| Q4 2023 | 5.90% | down−0.07 pp |
| Q3 2023 | 5.97% | up+0.01 pp |
| Q2 2023 | 5.96% | up+0.02 pp |
| Q1 2023 | 5.94% | down−0.04 pp |
| Q4 2022 | 5.98% | up+0.27 pp |
| Q3 2022 | 5.71% | up+1.65 pp |
| Q2 2022 | 4.06% | up+1.41 pp |
| Q1 2022 | 2.65% | up+0.79 pp |
| Q4 2021 | 1.86% | up+0.69 pp |
| Q3 2021 | 1.17% | up+0.09 pp |
| Q2 2021 | 1.08% | down−0.17 pp |
| Q1 2021 | 1.25% | down−0.42 pp |
| Q4 2020 | 1.67% | down−0.21 pp |
| Q3 2020 | 1.88% | down−0.29 pp |
| Q2 2020 | 2.17% | down−0.24 pp |
| Q1 2020 | 2.41% | down−0.03 pp |
| Q4 2019 | 2.44% | up+0.08 pp |
| Q3 2019 | 2.36% | down−0.30 pp |
| Q2 2019 | 2.66% | up+0.03 pp |
| Q1 2019 | 2.63% | up+0.27 pp |
| Q4 2018 | 2.36% | – |