Similar products: Mortgage loan, Consumer loan
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Important! Your loan is guaranteed against your home. Your home may be repossessed if you do not keep up with repayments.
Sample calculation of total charge of credit
If the Bank grants a mortgage-backed credit of EUR 50,000 for a period of 20 years, you’ll have to pay the total amount of EUR 70,958, where EUR 293 is a monthly installment, the number of installments is 239, and a 3,82 % annual percentage rate of charge is applicable to the credit. The calculation is based on the following assumptions: variable interest rate, 3,60 % average annual interest rate over the effective period of a credit agreement, annuity repayment method, EUR 300 up-front fee, and EUR 230 other costs related to collateral pledge. Pledged collateral must be insured. Pledged collateral valuation and insurance costs are not known to the Bank therefore are excluded from the annual percentage rate of charge.