Good day all, we’re used to the concept you can get monetary savings by repaying a financial institution mortgage early, i.e. you received’t pay curiosity for these months that you simply’ve paid off. However our financial institution Crédit Agricole says no, you pay the curiosity anyway, even should you repay all of the remaining mortgage. Does anybody know completely different ?
This stuff range. Learn the phrases and circumstances that you simply signed if you took out the mortgage as that’s the solely place you’ll discover correct info. Don’t overlook that CA is regional, so particular person department’s mortgage phrases might differ.
Would make sense given how French banking appears to work. Will probably be within the small print of the actual settlement you made. If it’s not, examine any normal phrases and circumstances you had been made conscious of earlier than you took out the mortgage as properly.
I do recall some client finance having that within the UK.
If it’s not there and also you’re sad about being charged then if a criticism doesn’t succeed then subsequent step médiateur whose contact particulars will probably be within the small print.
I’m positive it depends upon the kind of mortgage. For instance, assuming it’s a hard and fast charge mortgage, was the curiosity over the time period calculated at first after which added to the capital or is the curiosity utilized every month/quarter? My financial institution rang me up a 12 months in the past and supplied me a considerable mortgage (which I didn’t want, however took) at a hard and fast 1% over 5 years which I will pay that off at any stage with the curiosity fees terminating at that time.