Bank Loan Consolidation and Loan Merge

Bank loan consolidation

Bank loan consolidation

Bank consolidation of loans Bank offers a combination of loans ranging from CZK 10,000 to CZK 600,000. The maturity of the loan is 12 months to 8 years. The APRC starts at 6.90% pa. The interest rate is from 3.90% pa The maximum number of liabilities that can be merged is 10. Debt arising from bank loans, non-bank loans, credit cards can be combined. Providing Bank consolidation is free. Maintenance of the credit account is free of charge throughout the repayment period. The consolidated loan is repaid in the form of a monthly installment. Provider is Bank SA (IČ: 27943445) with its registered office at Pernerova 691/42, 18600 Praha 8. 

What can be consolidated?

  • Bank loans
  • Non-bank loans
  • Credit Cards

Example of loan consolidation

Example of loan consolidation

Representative example Loan Plus without insurance – loan amount 150 000 CZK, annual borrowing rate 6.9% pa, APR 7.12%, maturity 72 months, monthly installment 2 550,15 CZK, total amount payable by the consumer is 183 610, 80 CZK. After signing the contract, the client will receive CZK 150,000 on his personal account syrco. The client pays CZK 2,550.15 per month. The first installment may be higher than the following installments. This is because there may be more than one month between the loan and the first installment. The Client is obliged to always have an amount to pay the full amount of the monthly installment on the syrco account at the maturity date of the loan. The installment is collected automatically. The Client may at any time repay the loan or make an extraordinary installment of any amount, without charge, without notifying the Bank, except for regular installments. After an extraordinary installment, the amount of the regular monthly installment will be reduced. Representative example Loan Plus with insurance – loan amount CZK 150,000, borrowing rate 4.9% pa, maturity 72 months, monthly loan repayment including insurance of the ability to repay CZK 2,783.79, the total amount payable by the consumer is CZK 200,432.88, APR 10.54%. After signing the contract, the client will receive CZK 150,000 on his personal account syrco. The first installment may be higher than the following installments. This is because there may be more than one month between the loan and the first installment. The Client is obliged to always have an amount to pay the full amount of the monthly installment on the syrco account at the maturity date of the loan. The installment is collected automatically. The Client may at any time repay the loan or make an extraordinary installment of any amount, without charge, without notifying the Bank, except for regular installments. After an extraordinary installment, the amount of the regular monthly installment will be reduced.

 

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