ASP loan terms and conditions
Example calculation: Home loan is a one-off loan. The effective interest rate for the loan of 170,000 euros with a 20-year loan term is 4.00%, when the loan interest rate is a 12-month Euribor + 1.00% (3.811% on 2 December 2022), the monthly loan servicing fee is 2.50 euros and the one-time origination fee charged at the loan drawdown is 680 euros. The estimated total cost of the loan is 245,646.99 euros.
This calculation is based on the assumption that the entire loan has been drawn down, the loan interest rate, fees and charges are constant throughout the loan term, and the loan is repaid in equal instalments of 1,020.70 euros every month.
The loan is granted by an OP cooperative bank.