All costs you incur in connection with the conclusion of the loan agreement are indicated before the conclusion of the agreement on the basis of a representative example and determined in accordance with the provisions of Polish law, in particular with the Act of 23 April 1964 – Civil Code (Journal of Laws No. 16 item 93, as amended) and the Act of May 12, 2011 on consumer credit (Journal of Laws No. 126, item 715 as amended).
All additional costs associated with the conclusion of the loan agreement may be charged only and exclusively when the customer has not repaid the loan.
TOTAL LOAN COST
The total cost of the loan, i.e. all costs to be borne by the customer in connection with the loan agreement, namely:
- interest, fees, commissions, taxes and margins.
Even before the conclusion of the loan agreement, the Lender is required to provide an accurate and comprehensive indication of the total cost of the loan.
TOTAL AMOUNT TO PAY
The total amount to be paid is the sum of the total cost of the loan and the total amount of the loan.
TOTAL LOAN AMOUNT
The total loan amount is the sum of all cash that the Lender will show you in the loan agreement.
APRC or REAL ANNUAL INTEREST RATE
The actual annual interest rate is the percentage of the total cost of the loan that includes all costs (interest, commissions and other charges) that the borrower will incur as a result of the loan. The APRC indicator is expressed on a scale of one year (12 months) and is determined according to the guidelines indicated in the Act of May 12, 2011 on consumer credit (Journal of Laws No. 126 item 715 as amended).
EXTENSION OF THE LOAN REPAYMENT PERIOD
Extending the loan repayment period usually depends on your decision. It involves additional fees, the amounts of which vary. It depends on the Lender. You will receive information about the amount of the fee before concluding the loan agreement. Before concluding a loan agreement, it is worth familiarizing yourself thoroughly with the rules of possible extension of the repayment date.
The repayment period is different and varies from 5 to 60 days, depending on the Lender.
You must remember that in the event of non-repayment of their obligations resulting from the conclusion of the loan agreement, the Lenders will carry out admonition and debt collection activities at the expense of which you will be charged. In the event of a claim by the Lender in court proceedings, you may also be charged with its costs. Interest will also be charged for each day of delay in repayment.
COSTS OF WITHDRAWAL FROM THE CONTRACT AND EARLY REPAYMENT OF THE LOAN
If, after receiving the loan, you change your mind and decide that you do not need the money, you have the right to withdraw from the loan agreement without giving a reason. You can do it within 14 days from the date of conclusion by completing and sending to the address provided by the Lender a statement according to the template provided by the Lender and returning the borrowed amount in accordance with the regulations.
If you want to repay part or all of the loan earlier than specified in the loan agreement – you can do it. If the entire loan is repaid, its total cost is reduced by the costs for which the loan was made available to you, even if you incurred it before your repayment. In the case of repayment of a part of the loan, the cost of the loan decreases relative to the repayment amount.