Early closure fee charged on fixed-interest loans drawn down from KOP bank prior to 8 March 1991
The borrower of a fixed interest loan is entitled to call in the loan throughout the loan period before the due date only by paying an early closure fee on the called in principal as follows:
Remaining loan period from the payment date of the called in amount until the end of the agreed loan period | Amount of early closure fee
|
---|---|
less than 0.5 yrs | 0,25 % |
less than 1 yr | 0,75 % |
less than 1,5 yrs
| 1,25 % |
less than 2 yrs | 1,5 % |
less than 2,5 yrs
| 2 % |
less than 3 yrs | 2,5 % |
less than 3,5 yrs | 3 % |
less than 4 yrs | 3,5 % |
less than 5 yrs | 4 % |
less than 6 yrs
| 4,5 % |
less than 7 yrs | 5 % |
7 yrs or more
| 5,5 % |