7. Provisions relating to the modification of the terms of the contract and any costs. As a rule, the contract does not contain any conditions that would give the bank the right to unilaterally modify the terms of the contract. However, if such conditions have been agreed, they will be inserted in the chapter of the Special Conditions and Covenants. 13. Obligation to open an account and transfer income At the time of entering into the contract, the borrower must have opened an account with SEB Pank on which the loan is disbursed and whose loan agreement payments are debited by the bank. Under the agreement, the borrower assumes the obligation to ensure the transfer of his income to the aforementioned account. 4. Duration of performance of the obligations assumed under the loan agreement. The date of repayment of the loan is specified in the agreement (see section 3.1.). On that date, the entire loan must be repaid. If a payment schedule is prescribed in the agreement, payments are made on the basis of the payment plan.
12. One-off costs related to the conclusion of the contract 12.1. Contractual costs. 12.2. Fees for the modification of the contract in accordance with the rate specified in a corresponding contract or indicated in the price list of the bank. 1. Amount and currency of the loan requested (see section 1.1 of the contract) 14. Risk of a possible reduction in the creditworthiness of the borrower The borrower must take into account the fact that his creditworthiness may decrease during the term of the loan agreement if one or more of the following events occur: 9.
Possible consequences for the borrower due to a breach of contract and associated costs. If the borrower violates his payment obligation, the bank has the option of charging default interest or a contractual penalty in case of any other violation. The amount of default interest and contractual penalties is specified in the contract. If the customer remains in default, the bank sends the borrower debt notices, in which a fee is charged for the reviews according to the price list. In the case of long-term debt (more than 45 days), the bank has the right to transmit information about the debt to the registrar of the debt information register. Read the pre-statement and offer carefully and make sure you can answer these questions: Before establishing a business relationship, many transactions begin with a letter of intent, contract, term sheet or term book (“pre-lease document”). These documents are typically used to describe the general business terms or principles of a proposed business or project, and can often be negotiated or drafted without regard to legal effect and/or without legal advice. But in the event of a dispute, to what extent are these documents legally binding on the parties? These documents will give you information about the agreement. You don`t have to accept the offer, sign anything, or pay a fee at this point. You have 5 days to think about it before you have to make a decision. .