Consumer Loans with guarantors

Purpose
• To cover personal or consumer needs

Loan Amount
• Up to €20.000

Collateral
• One to three solvent guarantors

Repayment Period
• Up to 7 years

Repayment Method
• Standing Order from a bank account

Loan Expenses
• The loan is subject to charges kai interest. For further information please contact one of the Organisation's branches, or under the heading Products and Services -> Commissions and Chargers

Beneficiaries
• Individuals

INTEREST RATES AND CHARGES

The interest rates for your personal loan and the charges payable over the loan term are shown in detail below.

Pricing example for consumer loan.

Consumer loan with floating interest rate and guarantors.

• Interest Rate= Base Rate + Margin

The interest rate is the rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit granted.

• BR (Base Rate) on 6/4/2012 = 4,50%
• The total payable amount may include goverment fees (e.g. stamps).
• The APR has been calculated for a loan of €10.000, repayable in 5 years, with semi annual compound interest, €50 documentation fees and €10 yearly account operation fees.

What is APR?

APR (Annual Percentage Rate) is the total cost of the loan for the consumer expressed as an annual percentage of total credit. The APR includes all costs of the loan (including any costs associated with credit).

Limassol Cooperative Saving Bank reserves the right to reject any application at its discretion and to withdraw any plan at any time. The interest rate and the loan instalment may be changed by the Organisation from time to time.