A representative example of calculations and assumptions for the calculation of EIR:
| Loan currency |
EUR |
| Purpose |
Purchase/refinancing |
| Loan amount |
100.000,00 EUR |
| Repayment term |
5 years |
| Nominal interest rate* |
4,70% fixed
|
| The cost of the real estate appraisal |
220,00 EUR |
| The cost of the real estate insurance premium (annually) |
60,00 EUR |
| The cost of the payment transaction fee (one-time) |
1,70 EUR |
| Annuity |
1.873,41 EUR |
| Effective interest rate** |
5,01% |
| Total amount*** |
112.404,59 EUR |
* For the calculation example, the nominal interest rate valid for clients without Client Status was used
**EIR is calculated on the specified amount of the loan, with the specified repayment period, the cost of real estate assessment in the amount of EUR 220.00, the annual real estate insurance premium in the amount of EUR 60.00, intercalary interest for the whole month and payment transaction costs in the amount of EUR 1,70.
***The total repayment amount includes the loan principal, interest calculated until the end of the repayment period, increased by the interim interest for the entire month, the property appraisal fee of EUR 220.00, the annual property insurance premium of EUR 60.00, and the payment transaction fee of EUR 1.70.
Intercalary interest is equal to regular interest, it is calculated on the used part of the loan until the loan is put into repayment, and it is charged immediately when the loan is disbursed.
Before credit will paid out the user will be given European standardized information form (ESIS form) with the exact total amount to be paid and the calculation of EIR.