Annual nominal interest rate (NIR) | 7.95% – 8.95% (depending on having the insurance policy as a collateral) |
Annual effective interest rate (EIR) | |
Loan processing fee (charged one-off upon loan disbursement) | |
Fee for data use from the CBCG credit register | |
Fee for premature loan repayment | 1.00% of the loan amount that is prematurely repaid if the period between the day of early repayment and maturity date from the loan agreement is longer than 12 months and only for amounts higher than EUR 10,000.00.
0.50% of the loan amount that is prematurely repaid if the period between the day of early repayment and the maturity date from the loan agreement is not longer than 12 months and only for amounts higher than EUR 10,000.00. |
| Nominal increased for 50% |
| |
| For the loan amount of EUR 1,375.00 and a repayment period of 48 months, an approval fee of 1.50% and included administrative costs (two bills of exchange: € 4.00 and a fee for access to the CBCG credit register: € 3.50), the nominal interest rate (NIR) is 9.00% while the effective interest rate (EIR) is 10.17%. The sum of the total loan amount and the total amount of known loan costs is EUR 1,659.45 and the monthly installment is EUR 33.99. |