Romania Mortgage Interest Deduction — Not Available
Romania has no income tax deduction for mortgage interest on primary residences. Learn about the Noua Casă program and how Romania compares to other countries.
No mortgage interest deduction for primary residences in Romania
There is no tax benefit to calculate. See the notes below for details.
- •No mortgage interest deduction: Romania does not offer an income tax deduction for mortgage interest on primary residences.
- •The 'Noua Casă' (formerly 'Prima Casă') program provides state-guaranteed mortgages at preferential rates for first-time buyers, but this is a government guarantee, not a tax deduction on interest.
- •Rental income: mortgage interest on rented-out properties may be deductible against rental income under specific conditions.
Romania: No Mortgage Interest Tax Deduction
Romania does not provide an income tax deduction for mortgage interest on primary residences. Unlike Western European countries such as the Netherlands, Norway, or Denmark, there is no equivalent deduction in the Romanian Tax Code (Codul Fiscal).
Noua Casă Program
Romania's primary support for home buyers comes through the Noua Casă (formerly Prima Casă) program — a state-backed mortgage guarantee that allows first-time buyers and certain others to obtain mortgages with lower down payments (as little as 5–15%). This is a guarantee mechanism, not a tax deduction.
- Maximum guaranteed loan: 119,000 EUR for new homes, lower for used homes
- State guarantee covers 50–80% of the loan
- Lower down payment requirement (5% for homes under 300,000 RON)
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