of course, estimate how much it will thailand telegram data cost him. And here it is important that banks honestly disclose information, without hiding anything. Previously, they often abused this, so we clarified the procedure for calculating the total cost of credit (TCC).
For example, a person takes out a loan at a nominal rate of 20% per annum. At the same time, he is sold insurance, a subscription to some kind of paid television, or legal advice as a bonus – anything, but it is not included in the price. Although it is obvious that the loan becomes more expensive, because you also have to pay for additional services.
Since January 21, banks are required
to include in the APR all borrower expenses that affect the terms of the loan agreement. This is necessary to make it easier for people to understand the real cost of lending from different lenders. Since October 23 last year, banks and any other advertisers are also required to disclose the APR if the advertisement contains information about interest rates. This is necessary to avoid misleading borrowers.
— How can you understand what
directly affects the loan agreement and what you can safely refuse?
— Now, when applying to a bank for a consumer loan, a person must be offered two separate applications. The first is additional services that affect the interest rate and other parameters of the loan agreement. That is, you can not buy them, but then the rate, for example, will increase. This happens if they additionally offer insurance. The second is exclusively customer service and its impacts on consumer loyalty voluntary services, which america email you also do not need to buy, and this will not affect the loan in any way. We at the Central Bank monitor that banks clearly distinguish between these things.