Pre-contract credit information of little loan contracts concluded with personal people
8. Unique conditions and covenants consented into the loan contract (start to see the clause of unique conditions within the agreement).
9. Feasible effects for the debtor due to breach for the contract while the relevant expenses. The bank shall have the opportunity to demand late penalty interest or in case of any other violation, a contractual penalty in case the borrower violates his payment obligation. The price of belated penalty interest and contractual penalty is stipulated into the contract. The bank shall send the borrower debt notices, charging a fee for the notices according to the price list if the client remains in arrears. In case there is a long-lasting financial obligation (surpassing 45 times), the financial institution shall have the ability to forward home elevators your debt towards the registrar regarding the financial obligation information register.
10. The bankвЂ™s straight to cancel the contract and effects of exercising the proper. In the event that debtor has partly or completely delayed three payments that are successive in the event that debtor has violated virtually any responsibility, specified as grounds for very early termination in the contract (age.g. presentation of wrong information or grounds of termination due to the bankвЂ™s general stipulations), the lender may end the contract pre-term and need early payment of this loan that is entire settlement regarding the outstanding obligations. In the event that debtor does not repay the mortgage, the financial institution will be eligible to need payment for the loan and fulfilment of other obligations by the person, securing the performance associated with the contract.
11. Collateral A precondition to your loan disbursement may be establishment of security, specified into the contract. Accepted security together with degree of developing the exact same (amount of pledge, limitation of obligation regarding the provider of surety, etc.) are specified into the security contract that is respective.
gets the directly to demand establishment of extra security, if the borrowerвЂ™s solvency has deteriorated or their bills increased to product level (see clause 16 regarding the contract). In the event that additional security is maybe not provided, shall have the ability to need very early payment of this loan (see clause 19 regarding the contract).
12. Non-recurrent costs associated with summary associated with contract 12.1. Contract cost. 12.2. the amendment associated with contract pursuant towards the price as created in an agreement that is respective supplied when you look at the bankвЂ™s price list.
13. Obligation a merchant account and move the earnings because of the period of entering to the contract, the borrower will need to have exposed a free account with SEB Pank, to that your loan will be disbursed and the repayments due to the mortgage contract will be debited by the bank. Underneath the contract, the debtor assumes a responsibility to make sure transfer of their profits into the abovementioned account.
14. Chance of feasible decline in solvency of this debtor The debtor must look into that their solvency may decrease on the term associated with loan contract, if a person associated with the after activities happen:
15. Loan repayment routine Upon summary of this loan contract, the debtor may request through the bank officer an indicative payment routine.
The payment routine, sent to the debtor upon entry in to the loan contract, is indicative. This means the quantities and structure (sum of principal and interest repayment) associated with scheduled payments, along with the loan balance may the truth is change from what exactly is shown into the payment routine, with respect to the loan disbursement date and also the real times of debiting payments.