In the simplest terms, is the difference between the buying and selling currency in which banks could earn. Most often they did so by adding the spread to the cost of servicing the loan denominated in foreign currency – at the moment of payment of the loan, and often also at the time of admission rat.
Who will get the return spread?
the return of spreads will be applied not only to existing agreements, but also those that have already expired, and the people who conducted business, but do not allocate depreciation nor count towards their costs of doing business. As for the agreements concluded during the period from 1 July 2000. August 26, 2011. When the law came into force antyspreadowa.
Help applies only to loans in Swiss francs?
No. The mechanism of the President applies not only indebted in Swiss francs, but in all foreign currencies.
I have long paid off the loan. Or can I claim a refund?
Yes. The law assumes that the power of the consumer does not affect that paid off the loan. It is only important that was taken in the period from 1 July 2000 to 26 August 2011.
Is there a limit?
The return spreads will apply only loans to the amount of 350 thousand. zł. Why Office of the President decided on such a move? 350 thousand. zł is the average amount of the loan taken out in foreign currencies. What is important – this is the limit entitlement to one person, so if the credit took two people (for example, marriage) is the amount is doubled, and the limit is 700 thousand. zł. In the case of a loan contracted for three people, the limit is already 1 million 50 thousand. zł.
What if a larger loan than 350 thousand. zł?
If the principal amount of the loan is higher, the return spread will be calculated only in relation to the amount of 350 thousand. zł (respectively increased to more people). If we took a loan of 500 thousand. zł, it spread to a refund will be calculated as if dragged commitment of 350 thousand. zł.
Why at all is the limit?
Experts president openly admitted that spreads were calculated unlawfully – limit most likely was introduced to reduce costs for the banks.
What if I have some credit?
It does not matter how many credits a person applying for repayment spread – important to fit within the quota limit. For example – if a person has two foreign currency loans after 175 thousand. zł each, it can apply for a refund for the spread of both these loans and that the full value. However, if the consumer has two loans – one with a value of 300 thousand. zł, and the second with a value of 100 thousand. zł, to a refund of overpaid spread may apply only to the value of 350 thousand. zł (300 thousand. zł for one loan and up to 50 thousand. zł from the second loan).
The preferred system will have already selected the same consumer – it may yet be that more will recover, when applying for a refund of 250 k. zł from one loan and 100 thousand. zł from the other, because this is the second one was covered by a greater spread.
How will it work?
First, the consumer will refer to the bank a request asking if the his case were applied spreads and how high. The Bank will have to make calculations of the costs which the consumer has suffered as a result of spreads. If the spread was higher than 0.5 per cent., The bank will return the difference to the customer with interest.
How do I get my money?
The return of overpayment occurs through the reduction of outstanding capital. Only if the loan has already been repaid or the amount to be recovered exceeds the part remaining to be repaid, the bank will return the cash.
Does the bank will compensate in some way years overpaid spreads?
Yes. Banks to spreads, which will have to give the customer, we add the interest on these amounts equal to half the statutory interest.
How much can I earn?
The initial calculation of benefits the return spreads presented herself Office of the President. For example, for a loan in 2007 to Swiss franc denominated równowartego 105 thousand. CHF, the borrower can count on about 6 percent. return on initial capital. It is up to 6,300 Swiss francs, which is now the equivalent of more than 25 thousand. zł.
On the other hand, for a loan in 2011 to euro-denominated równowartego 85 thousand. EUR, reimbursement may be at a level of about 3 percent. It is 2,550 euros, or 11 thousand. zł.
How can I calculate it myself?
The easiest way is to compare NBP exchange rate of the day to take a loan with the rate at which the bank paid credit. In this way, we will spread wypłatowy, that is, we’ll find out if the bank should reduce the debt to compensate for differences resulting from the use of too undervalued purchase rate at the time of disbursement.
The calculation of return spreads due to inflated rat is already more complex and time-consuming – mainly because of the need to analyze the course of each month repayment.
When you submit the documents?
the consumer has six months – calculated from the date of entry of the Act the President – to report to the bank for the calculation of excess spread. The Bank will, in turn, 30 days to be written off.
What if on exchange rates earned and paid off less?
In the case of some borrowers it may happen a situation that, thanks to the fall in value of the Swiss franc gave less than they should. Such a situation may be the person who took credit for example, 2 January 2004 (when the franc was 3.01 zł), and repaid prematurely in January 2, 2007 (at the rate of 2.37 zł). Despite the beneficial use of decline in the value of the Swiss franc, such persons can also turn to the bank for the return of spreads.
I took the loan in 2010, and since 2011 I indulged him in foreign currency purchased in counter. Can I get something?
Yes. First – wrongly charged spreads include the amounts collected in the payment of the loan and the repayment installments. Secondly – return spreads will in this case include the time until 26 August 2011.
I lost or no longer have a contract with the bank. What now?
With the provisions of the Act the President is not clear that a copy of the agreement was necessary for an application. Bank should find himself in the history of our credit system, and make the necessary calculations. However, if the contract will be required – bank fee issue a copy of it.
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