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Your mortgage 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 51,000 for a period of 20 years, you’ll have to pay the total amount of EUR 63,469, where EUR 263 is a monthly installment, the number of installments is 240, and a 2.29 % annual percentage rate of charge is applicable to the credit. The calculation is based on the following assumptions: variable interest rate, 2.20 % average annual interest rate over the effective period of a credit agreement, annuity repayment method, EUR 153 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.