Pre-contract credit information of little loan agreements concluded with personal people

9. Feasible effects for the debtor due to breach associated with the contract and also the relevant expenses. In the event the debtor violates their repayment obligation, the lender shall are able to need belated penalty interest or perhaps in instance of any other breach, a contractual penalty. The price of late penalty interest and penalty that is contractual stipulated within the contract. The bank shall send the borrower debt notices, charging a fee for the notices according to the price list if the client remains in arrears. In case there is a long-lasting debt (surpassing 45 times), the financial institution shall have the right to forward information about your debt into the registrar associated with financial obligation information register.

10. The bank’s straight to cancel the contract and effects of working out just the right

In the event that debtor has partly or completely delayed three payments that are successive in the event that borrower has violated virtually any responsibility, specified as grounds for very early termination when you look at the contract (age.g. presentation of wrong information or grounds of termination due to the bank’s general stipulations), the lender may end the contract pre-term and need early payment associated with the loan that is entire settlement for the outstanding obligations. The bank shall be entitled to demand repayment of the loan and fulfilment of other financial obligations by the person, securing the performance of the agreement if the borrower fails to repay the loan.

11. Collateral A precondition towards the loan disbursement may be establishment of security, specified in the contract. Accepted security together with level of developing the exact same (amount of pledge, restriction of obligation of this provider of surety, etc.) are specified in the security contract that is respective.

The financial institution gets the straight to need establishment of extra security, in the event that borrower’s solvency has deteriorated or his obligations that are financial to product degree (see clause 16 for the contract). In the event that extra security is perhaps not supplied, the lender shall have the ability to need very early payment regarding the loan (see clause 19 for the contract).

12. Non-recurrent costs associated with summary associated with contract 12.1. Contract charge. 12.2. A payment for the amendment regarding the contract pursuant to your price as created in an agreement that is respective supplied into the bank’s price list.

13. Obligation to start a merchant account and move the earnings By the time of stepping into the contract, the debtor will need to have opened a free account with SEB Pank, to that your loan will probably be disbursed and from where the repayments as a result of the mortgage contract will be debited because of the lender. Underneath the contract, the debtor assumes a responsibility to make certain transfer of their profits to your abovementioned account.

14. Chance of feasible reduction in solvency associated with debtor The debtor must look into that his solvency may decrease the term over associated with loan contract, if an individual or even more regarding the after occasions happen:

  1. basic aggravation regarding the environment that is economic
  2. loss of/decrease within the borrower’s profits or other earnings;
  3. reduction in industry value associated with the security assets;
  4. Additional liabilities that are financial thought by the debtor;
  5. the concealment associated with the real borrowing interest and/or monetary ability associated with debtor, etc.

15. Loan repayment routine Upon summary associated with loan agreement, the debtor may request through the bank officer a repayment schedule that is indicative.

The payment routine, brought towards the borrower upon entry in to the loan contract, is indicative. This implies that the quantities and structure (sum of principal and interest repayment) of this payments that are scheduled along with the loan balance may the truth is change from what’s shown into the payment routine, according to the loan disbursement date together with real times of debiting repayments.

В№ Submitted in addition to Standard European Consumer Credit Ideas ВІ lending that is responsible. Advisory guideline associated with Financial Supervision Authorit