News » January, 2011 » 26 January 2011
Application processing fees down to half as a result of law on individuals' loans
26.01.2011, 00:07 | Finance-Banks | 758 views
Bankers have lowered loan application processing fees for individual customers to less than 400 euros as part of the new stipulations, which require them to levy a fixed fee, instead of the one calculated as a percentage of the lent amount, as was the case in the past. Under the circumstances, the value of fees charged to customers can drop by as much as half. If one considers the old fees - of 2-3% of the lent amount - it results that for a 40,000-euro real estate loan - the client used to pay between 800 and 1,200 euros. Customers who borrow higher amounts stand to benefit the most from the developments. Read more on ZF.ro
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