The reduction in interest rates associated with a negative interest rate, reduce the spread when buying currency, extending the repayment period of the loan and the repayment of the temporary suspension of capital – is the most effective actions which might mitigate the increase in the monthly burden of servicing loans in Swiss currency.
Customers who opt for the extension of credit or suspension of principal, must submit an application at your bank. It should include a justification of why the occurrence of a change repayment terms. Most banks will require attach documents, primarily of a salary. Part has already established a special procedure for handling such requests. This decision is taken in a maximally simplified the process – says Emilia Kasperczak with mBank. New repayment schedule can be obtained within a few days.
Some banks take action regardless of client activity. This applies for example. Take into account the negative interest rate. All institutions surveyed by DGP (15 banks) have declared that they do. Currently, it is on the level of approx. 0.9 percent. below zero, which means that, compared with December of the previous year so much should lower interest rates on loans in francs.
Installments also be reduced by reducing the spread, which is the commission charged by banks for the purchase of Swiss currency needed to pay installments. Banks declare reduction. 30 June when handling mortgage loans in Swiss francs, we will use spread down to the level of one percent – provides Iwona Radom, expert PKO BP. On the other hand, in GeTini spread reduced to 2.5 percent. This reduction in fees by more than half – says Wojciech Sury, a spokesman for GNB.
SEE ALSO: Head of the Financial Supervision Authority: Conversion of the old course ? Yes, but with flare & gt; & gt; & gt;
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