Signature loans no credit
The legal interest rate of the Banque de France is the reference used when an administration or an individual has to pay interest on arrears. Some cases are concerned only, but what is interesting is that its level is extremely low. In 2013, the legal interest rate was 0.04%. To illustrate what a borrower could gain if there were flaws in their loan agreement , let's take this dummy example. In 2010, a couple signed a home loan contract for € 200,000 over 20 years , with a TEG of 3.2% . They should therefore pay in all and for all € 71,000 in interest. Then they realize that their contract contains defects. Justice gives them reason, and obliges the lender to apply the legal interest rate in force in 2010, ie 0.65% . The couple will therefore have to pay € 13,300 in interest over the entire duration of the repayments, a savings of € 57,700 . The legal interest rate in effect on the no credit check equipment financing date of the signing of the l