A calculator that will help you know how much mortgage you can get, what monthly repayment is right for you, and how much money is at your disposal to buy an apartment. This is where the finvasia brokerage calculator comes in.
Advantages of the brokerage
A variety of interest rate update periods—you can choose in advance the period that is convenient for you: 2, 5, or 7 years.
Low interest rate relative to a long-term loan: the interest rate is determined by the interest rate update period, which is relatively short compared to the loan period.
The loan is given for a long period at a relatively low-interest rate, and, therefore, the initial monthly repayment is relatively low.
Risk diversification and utilization of opportunities: combining different loan sectors into one loan allows flexibility for changes in the future and reduces long-term risks.
Early repayment without a commission: in the unindexed track (based on prime interest) and in the foreign currency-linked track (USD/EUR), the loan can be repaid at any time without an early repayment fee other than an operating fee, and with at least 10 days' notice.
A mortgage with a winning composition is suitable for borrowers who intend to repay part of the loan before the contractual repayment date of the loan.
The brokerage includes several indexation tracks:
A loan that combines the advantages of all the types of loans that the bank offers.
Diversification of risks and utilization of opportunities - combining different linkage sectors into one loan allows flexibility for changes in the future and reduction of long-term risks.
A combination of an unindexed track (based on prime interest) and/or a foreign currency-linked track (dollar or euro) in a loan, will make it possible to repay these tracks at any time, with at least 10 days' notice, without an early repayment fee other than an "operating fee."
Clarifications
Failure to meet the repayment of the loan may result in a charge of arrears interest and writ of execution proceedings.
Provision of all types of credit and credit cards, types of loans, and collateral at the bank's discretion
The bank may change the terms at any time without prior notice.
The conditions binding on the parties are the conditions contained in the loan documents and any other document to be signed by the bank and the customer.
The foregoing is for information only and does not constitute an offer to provide credit at all.
In a situation where there is an increase in the cost of raising funds in a sector that is not linked to the Consumer Price Index, the bank will be entitled to set the interest rate, when updating the interest rate according to an "emergency protection mechanism," all as detailed in the loan documents.