Standard European Consumer Credit Information for the Granting of a Consumer Loan for the Purchase of goods
1. Identity and contact details of the credit institution (Bank)
| Credit Institution (Bank) | Snappi Bank S.A. G.E.MI No. 164679129000 |
| Address | Krystalli 7A Ioannina, P.C. 45444 |
| Phone number | 2104838000 |
| Email address | customer@snappibank.com |
| Website address | www.snappibank.com |
2. Description of the key features of the credit product
| Loan Type: | An interest-free consumer loan granted exclusively for the purchase of products or services (hereinafter the "Goods"), which are intended for the personal (i.e. non-commercial, non-business and non-professional) use of the prospective buyer (the "Borrower"). |
| Total loan amount: That is, the maximum amount made available under the credit agreement. | [TotalLoanAmount] |
| Conditions governing the loan drawdown: That is, how and when you will receive the money | The total amount of the loan will be disbursed to the account held by the Borrower with the Bank (or in case of holding more accounts in the one that the Borrower will indicate) for the purpose of settling the payment for the Goods acquired by the Borrower, by means of a direct credit of the loan amount into the account held by the supplier of the Goods (the “Merchant”). Disbursement of the total loan amount takes place upon acceptance of the relevant loan agreement. |
| Duration of the loan agreement: | 3 months from the date of disbursement of the loan with the possibility of extending one installment, under conditions, up to 10 more calendar days. Each payment shall be allocated in the following order: first, to enforcement costs; second, to other legal costs; third, to any other fees and expenses due under the terms of the Loan Agreement; and finally, to capital amount. |
| Installments/Repayment of the Loan and, if applicable, the order in which the installments will be allocated: | Number of Installments: 3 equal monthly installments Amount of instalments: [AmountInstallment] |
| The total amount to be paid: That is, the amount of the loan principal amount and the eventual expenses associated with the loan agreement. | (Capital Amount + Fee for requesting extension of the Loan Term [TotalAmountWithExtensions]) |
| Good’s Name | [PurchasesName] |
| Cash Price | [PurchaseValue] |
| Required guarantees: This is a description of the guarantee that will be provided in connection with the loan agreement. | There are no guarantees. |
3. Cost of the loan
| The interest rate of the loan | The loan is interest-free. |
| Annual Percentage Rate of Charge (APRC): This is the total cost, expressed as an annual percentage of the total loan. APRC helps you compare different offers. | APRC amounts to 0% in relation to the loan [loan amount €]. Supplementary Assumptions taken into account for the calculation: a 365-day year, timely payment of installments by the Borrower, non-exercise of the extension right. |
| In order to for the loan to be granted or to be granted under the advertised terms and conditions, it is mandatory to obtain: - Insurance covering the repayment of the loan, or - any other supplementary service | Insurance or any other supplementary service is not mandatory. |
| It is required to maintain one or more accounts in which both payments and withdrawals shall be recorded: | For the servicing of the loan, the maintenance of a deposit account is required, which the Borrower is obliged to keep throughout the duration of the loan and the loan installments shall be automatically collected through debits from this account (servicing account). |
| Any other costs arising from the loan agreement: | No administrative or processing fees are charged by the Bank for the granting of the loan. The customer shall incur a fee of one (1) euro in the event that a request for extension of the repayment of one instalment under the loan agreement is submitted and accepted. This option is available only once and for a period of ten (10) calendar days. |
| Charges in case of late payment: Failure to make a payment may have serious consequences for you and may make it more difficult for you to obtain credit in the future. | In case of any overdue Loan Installment, the amount of 3 Euros is due for each month of delay of the Loan Installment and until its full repayment as additional operating management expenses and up to a maximum amount of Euros [·] |
4. Other significant legal aspects
| Right of withdrawal: | Yes. The Borrower has the right to withdraw from the loan agreement within 14 calendar days. In such case, the Borrower is required to pay the disbursed loan capital to the Bank, no later than within 30 calendar days from the date the notice of withdrawal is sent to the Bank. The right of withdrawal from the loan agreement is exercised by the Borrower’s notice via email to the Bank's e-mail address customer@snappibank.com. |
| Early Payment: | Yes. |
| The credit institution is entitled to receive compensation in the event of early payment: | In case of early full repayment of the debt before the expiry of the loan term, no charges shall be incurred by the Borrower. |
| Database Search: | The Bank shall inform the applicant immediately and free of charge of the outcome of any database search, where the loan application is rejected on the basis of such a search. This does not apply where the provision of such information is prohibited by legislative acts transposing EU law or where it would be contrary to public policy or public security.. |
| Right to a copy of the draft loan agreement: | Yes. The Borrower has the right to receive a free copy of the draft agreement. This provision shall not apply if, at the time of the application, the Bank does not wish to enter into a loan agreement with the Borrower. |
| Period during which the credit institution is bound by the information provided prior to the conclusion of the agreement: | The Bank shall be bound only on the day it provided the information. The information contained herein is valid solely as of the date of issuance stated herein. |
| SET-OFF - TEKE | All payments made by the Borrower to the Bank hereunder shall be free and clear of any deduction due to set-off or retention arising from any counterclaim of the Borrower against the Bank, and the Borrower expressly waives any right of set-off or retention against the Bank. In case of overdue debts, the Bank is entitled to offset, without prior notice, any counterclaims of the Borrower against the Bank, including those arising from deposit accounts balances held with the Bank. The Borrower irrevocably authorizes the Bank to debit any account held in the Borrower’s name with the Bank for the purpose of settling any debt owed by the Borrower under the loan agreement. The Bank shall also be entitled to set off against any other counterclaim of the Borrower, even if such claims arise from transfers or deposits or have not yet matured. Any amount that may be paid to the Borrower as compensation by the Hellenic Deposit and Investment Guarantee Fund (TEKE), in accordance with the provisions of Law 4370/2016, shall be determined after the set-off of the Borrower’s deposit accounts balances against the Bank's claims arising from the loan, provided that the debts under this agreement have become due and payable on or before the date of the credit institution's failure. For more information: TEKE website www.teke.gr |
5. Additional Information in case of distance marketing of financial services
| Law applied by the Bank in its relations with the consumer prior to the conclusion of the loan agreement | Greek law. |
| Clause on the law governing the loan agreement and the competent court | Greek Law/ Subject to the jurisdiction and competence of the Courts of Athens (Central Seat) as well |
| Language used | The information and contractual terms are provided in Greek or English at the customer's choice. |
6. Complaint management procedures
| Complaint management procedures: | For any complaint or dispute of the Borrower against the Bank, the latter may contact the Bank by contacting tel. +30 210 4838000, on the days and hours mentioned on the Bank's website www.snappibank.gr or by sending an e-mail to complaint@snappibank.com . Furthermore, the Borrower has at its disposal specific out-of-court dispute resolution mechanisms, such as the Hellenic Financial Ombudsman, Massalias 1 St, tel: +302103376700, website: www.hobis.gr, the Consumer Ombudsman, 144 Alexandras Avenue, 114 71, Athens, tel: +2106460862, website: www.synigoroskatanaloti.gr, and the Friendly Settlement Committees provided for in article 11 of Law 2251/1994, as in force. More detailed information regarding the possibility of submitting complaints to alternative dispute resolution bodies is available on the Bank's website www.snappibank.com. |
