The mutual bank Credem
The loan is a financing medium and long term granted for the purchase, construction or renovation of a building (usually the main house), or to acquire or restructure the second house.
It is not easy to decide whether to take out a loan at a fixed rate or variable. The fixed rate is a certainty for those not familiar with the markets and fears a rise in interest rates.
For those who do not want the certainty of fixed rate (fixed rate and the expo are not fixed), and want a cheaper rate compared to fixed rate, here is a type of loan that meets these requirements, shifting the effects of possible increases on ‘lengthening of the duration.
Credem bank offers a loan structured with the technical form of the rate, the rate fixed for the entire repayment period and the duration variable, the effect of any changes in the rate may decrease (in case of decrease in the rate) or increase ( if the rate increases). The duration can be increased up to 5 years compared with the initial period.
The choice of the rate is a key factor for the future peace of the borrower, a decision would in fact has an impact on the cost of financing (total interest payable) and the family budget.