Summary
This is a consumer loan with monthly annuity payments and, a fixed interest rate and a revocation.
Deal ID
732-RM_LN-Revo-Consumer-Annuity
Counterparty
732-RM - private customer
Characteristics
Nominal: EUR 1,500 (at deal start)
Term: 14.09.2018 - 16.09.2019
Interest Rate (p.a.): 6.0% / Day count convention: 30/360
Instalment amount: EUR 129.13 / payable monthly on 15th - starting on 15.10.2018
Business Day Convention: FA (Following Business Day Adjusted)
Special features
- Before first repayment on 15.10.2018 customer performs a revocation of the loan
- After performing the revocation the repayment period for the customer ends on 12.10.2018 (which is also the new deal end date)
- Customer repays the loan on 12.10.2018.
- Interest rate is 0% for the period starting from outpayment till repayment of the loan on 12.10.2018 due to revocation