Premature payment of loans drawn down during 1 January 1994 - 30 November 2010

Premature repayment of a private individual’s loan and change of reference rate are subject to an early closure fee when

• the granted loan amount exceeds 16,818.79 euros, and
• the loan interest is fixed or the interest determination period is at least three years, and
• the interest level of a corresponding new loan offered by the bank at the loan repayment date is lower than the interest rate agreed on for the loan prematurely repaid by the borrower.

Premature payment

An early closure fee is also charged on the above-mentioned conditions for a premature repayment of a part of the loan.

Amount of early closure fee

As the early closure fee the bank charges at the most the difference between the interest as stated in the loan agreement and the interest of a corresponding new loan, for the remaining loan period of a fixed interest loan or for the remaining interest determination period of a loan tied to a reference rate. This also applies to early repayment of the loan and change of reference rate.