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For example, a loan in the amount of EUR 50,000 related to the mortgage of immovable property is granted for a period of 20 years, without deferred payments, at a 6% variable annual interest rate, with credit payments made by annuity method and paying: a one-time contract administration fee in the amount of 1% (EUR 500), a monthly administration fee (EUR 5), a payment order fee (EUR 2), mortgage registration fee (EUR 8.60). In this case, the annual rate of the total credit price would be 6.572%, and the total amount paid by the borrower would be EUR 88,290.57. Total number of credit instillments – 240, monthly instillment – EUR 365.75.

The annual rate of the total credit price, the total amount paid by the borrower, the total number of credit instillments and the amount of the instillment are calculated based on the assumptions that the credit agreement will be valid for a term equal to the duration of the credit agreement, the entire credit amount is paid on the date of signing of the agreement, the first instillment is determined one month following the signing of the credit agreement, the parties will duly fulfil all their obligations, the variable interest rate, the amount of fees and other costs will remain the same as at the time of the conclusion of the credit agreement, and will continue to apply until the expiration of the credit agreement.

In addition, the Borrower will incur costs for notary fees, property insurance and valuation costs, which depend on the individual characteristics of the mortgaged property, and are therefore, are not included in the total cost of the loan in the above example.