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Those who borrowed in francs in 2006 to buy homes are better off now
10.03.2011, 23:33 | Finance-Banks | 1007 views
Those who chose to borrow in Swiss francs to buy a home in 2006-2007 paid less in lei than if they had taken out a euro-denominated loan, thanks to the lower interest rates, despite the franc/leu exchange rate rising faster than the euro/leu rate. Considering the options available for a 60,000-euro loan (which would have meant 95,500 Swiss francs at the exchange rate valid for the end of 2006, over 30 years, even amid similar interest rate terms, the balance is tipped in favour of the franc-denominated loan. Read more on ZF.ro
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