Interest rate cap
With interest rate cap you can prepare for your loan interest expenses for years ahead.Interest rate cap helps you anticipate your loan servicing costs even if interest rates changed
You can set a maximum limit for the reference interest rate of your loan for up to 14 years. In this way, you can secure your finances in case interest rates begin to rise.
Interest rate cap sets a maximum for your loan’s reference interest rate but you will also benefit from falling interest rates
With an interest rate cap, you can set a maximum for your loan’s reference interest rate, but if the reference rate is below the limit you set, you will also benefit from low interest rates.
Interest rate cap is as flexible as your loan
With interest rate cap, the repayment plan of your loan will remain flexible. You can agree on changes in your repayment plan or pay off the loan early, in which case the interest rate cap will end and no separate expense will be charged for it.
Interest rate cap protects you from rising interest rates and brings security to your finances
With an interest rate cap, you set an upper limit for your loan’s reference interest rate which will not be exceeded during the validity of the interest rate cap. You can purchase an interest rate cap for a new or an old loan for a period of your choice: 5, 7, 10 or even 14 years.
Interest rate cap is an interest rate protection suitable for a home loan or for other Euribor-based loans. Besides your home loan, you can also protect your consumer credit with interest rate cap.
Have you already tested our calculator to see how a rise in interest rates would affect your monthly loan repayment?
The price of interest rate cap depends on prevailing interest rates
The price of the interest rate cap is determined by the interest rate level at the time of signing the agreement. As interest rates rise, so will the price for new interest rate caps.
You can pay the interest rate cap either as part of your loan instalments or as a lump-sum payment.