Mogo Romania expands into personal loan market

Business Forum

23 October, 2025 at 2:02 PM

Mogo Romania, part of the international Eleving Group, has officially launched personal loans, expanding its product portfolio after nine years of exclusively financing used-car purchases.

The new product has already generated a cumulative value of over €9 million in financing. The company estimates its loan volume will exceed €30 million in 2026.

The personal loan targets all individuals aged 18–70, although the majority of the current portfolio comprises the 20–45 age group. Interest is high across the country, with the most loans taken out in Prahova, Cluj, and Bacău counties.

"Romanians have started looking for quick, flexible, and 100% online financial solutions," said Lucian Prună, GM of Mogo Romania.

Mogo Romania, which reported a 2024 turnover of RON 70.5 million (€14.2 million), aims to exceed €3 million in personal loans granted in 2026 from the open market.

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