Download Revolving credit card information sheet

STANDARD EUROPEAN CONSUMER
CREDIT
INFORMATION SHEET
1.
Creditor's contact details
Creditor
Address
Telephone number
E-mail
Fax
Web address
2.
Swedbank AS
Liivalaia 8, 15040 Tallinn
6 310 310
[email protected]
6 310 410
www.swedbank.ee.
Description of the credit product
Credit type
The amount of credit to be drawn down or
maximum credit limit
Conditions of taking credit into use
Manner and time of receipt of
credit.
Term of the consumer credit agreement
Repayments and, where necessary, in the
event of outstanding loan balances with
various interest rates, the principles of
considering repayments as made for the
purpose of covering payments arising from a
consumer credit agreement
The total amount of all payments made by a
consumer for repayment of credit and covering
the total credit expenses.
Revolving credit card (MasterCard
Standard, Visa Classic, MasterCard Gold)
€1900
The client can start using the credit as soon as
they receive the credit card.
The contract has been entered into for an
unspecified term. The credit card is valid until the
last day of the month indicated on the credit card
(usually 3 years as of making the card).
All of the credit limit used must be repaid when
the contract expires.
The bank debits the monthly fee and interest
once a month, on the agreed payment date.
The maximum total cost of the credit limit is
2130.86 euros a year.
Total amount payable.
Loan principal plus interest and fees related to
a possible loan.
Securities required from the consumer
Description of the securities to be provided by
the consumer in relation to the consumer
credit agreement.
3.
A deposit or suretyship upon request.
Costs of the credit
Annual interest rate or different interest rates
applicable to the consumer credit agreement, if
necessary
Annual percentage rate
Total cost of the credit expressed as the
annual percentage of the credit amount or
the maximum credit limit.
Annual percentage rate enables different
offers to be compared.
17-22% a year; the final interest rate
depends of the obligations and solvency
of the consumer.
The initial annual percentage rate is 23.82%. The
prerequisites for the standard example:
- credit limit is put into use as soon as possible
and to the maximum extent;
- the term of repayment is 1 year;
- the annual interest rate of 17%;
- the monthly fee of 3.70 euros a month.
-the card opening fee 2.50 euros
In order to obtain credit or obtain credit
under the offered conditions is it
compulsory to
— enter into an insurance contract or
— other ancillary agreement?
If the costs related to the ancillary
agreement are not known to the creditor,
they shall not be included in the annual
percentage rate of charge.
Related expenses
Fees of using a means of payment (e.g. credit
card)
no
yes, current account agreement
Monthly fee:
– MasterCard Standard, Visa Classic 1.30
euros;
– MasterCard Gold 3.70 euros.
Cash withdrawal fee 1.92 euros + 2.5% of the
amount
Card opening fee 2.50 euros
Conditions for amending costs arising from the The bank has the right to amend the fees
consumer credit agreement
unilaterally by giving the client notice of the
amendment at least 2 months in advance.
Costs arising from late payments
In the event of failure to make credit repayments
Failure to make payments may have serious
by the due date, default interest shall be paid on
consequences (e.g. compulsory sale) and it may the overdue amount at the rate provided by law
be more difficult to obtain credit.
(0,022% a day and 8,000% a year at the time of
submission of the information sheet). The default
interest rate may change twice a year on January
1 and July 1.
4.
Other important legal aspects
Right of withdrawal
yes
The consumer may withdraw from a consumer
credit agreement within 14 days.
Early repayment of credit
yes
You are entitled to the partial or complete early
repayment of the credit at any time.
Inquiries from databases
The creditor must immediately provide you
with free information about any inquiry
results made in the database if the enquiry
results in a decision to deny credit to you.
The information obtained from databases
shall not be forwarded if the forwarding of
the information is prohibited by legal acts or
is in contradiction with the purposes of
public order or security.
Right to receive a copy of the draft consumer
credit agreement.
Upon request, you have the right to receive a
copy of the draft consumer credit agreement
free of charge. You do not have the right if the
creditor does not wish to continue precontractual negotiations upon receiving the
application.
5.
yes
yes
Additional information in the event of distance marketing of financial services
a)
Information related to the creditor
Registration
Supervisory authority
Registration Department of the Harju
County Court, registry code 10060701
Financial Supervision Authority
b)
Information related to the consumer
credit agreement
Right of withdrawal
The user may withdraw from the contract
within 14 (fourteen) days as of conclusion of
the Agreement by notifying the Bank thereof in
writing.
Upon exercising the right of withdrawal, the
Card must be returned and the amounts of the
Operations, the Interest and other fees arising
from the use of the Card must be refunded to
the Bank not later than within thirty (30) days
after the submission of the withdrawal
declaration to the Bank.
The member state whose law serves as the basis The Republic of Estonia
for the creditor’s relationships with you before
entering into the consumer credit agreement
Conditions for the law and/or jurisdiction
The agreement is governed by Estonian law, and
applicable to the consumer credit agreement
judicial disputes are resolved in Estonian courts.
Procedure for the use of languages
Pre-contractual information and terms and
conditions of the agreement shall be in Estonian.
With your consent, we will be communicating
with you in Estonian during the validity of the
consumer credit agreement.
c)
Information related to the claim for the
compensation of damage
Procedure for extrajudicial adjudication of
Disputes are resolved, where possible, by
disputes and its application
agreement between the parties. The consumer
has the right to address a committee operating at
the Consumer Protection Board. The procedure
for addressing the Committee has been laid
down in the Consumer Protection Act.