Month: March 2020

Pay back longer and you’ll get a bigger loan! Is it worth it

For several weeks, banks have had a new limitation around their neck – they must be more conservative in their credit standing. According to the provisions of the T recommendation, which entered into force in December 2010, the sum of all loan installments repaid by borrowers may not exceed 50 percent. net earnings. If someone […]

Presidential law: franchisees will be able to restructure the loan

It permits forced restructuring, e.g. in a situation where the bank does not want to deal with the borrower in debt. The bill aims to restore the equality of the parties to the loan agreement, which was denominated or indexed in foreign currencies: Swiss francs, dollars, USD or other currency – said the presidential minister […]