Financing brokers report that Bausparkasse Mainz is Subordinated loans conspicuous and often demands too high interest rates. In this article we would like to discuss the possibility of reclaiming too high interest rates and explain how to get your money back can. 🏦
Basics of interest rate regulations for subordinated loans
Banks and building societies are not allowed to charge interest at will. They must adhere to the Market interest rate An interest agreement that is significantly higher than the market interest rate can be classified as immoral. The rule states that the maximum interest rate may not be more than 100% above the market interest rate. 🌟
Legal consequences of excessive interest rates
If an interest rate is immoral, you have the right to reclaim any interest paid in excess. This can involve significant sums. 💰
Errors in the debt service capacity test
Another important point is the Debt servicing capacity test (KDP). If this check was carried out incorrectly, this can also lead to a reduction in the interest rate. Example: The bank charges 9% interest, but has carried out an incorrect KDP and the market interest rate is 3%. In this case, the interest rate is reduced to 3%. So this can be significantly worthwhile. 📉
How can you claim your money back?
- Review of the interest agreement: Have your loan agreements reviewed by an expert. 🧐
- Free initial consultation: We offer a free initial consultation and check whether Bausparkasse Mainz has charged too high interest rates in individual cases. 📞
- Legal action: With a Legal protection insurance you can sue without risking costs and get your money back. ⚖️
Practical example
Let’s say you have a loan with Bausparkasse Mainz with an interest rate of 9%. If the debt serviceability test was incorrect and the market interest rate is 3%, the interest rate will be reduced to 3%. This means a significant relief for your monthly payments and a repayment of the overpaid interest. 📉💡
Conclusion
It is worth checking the interest rate agreements on subordinated loans carefully. Interest rates that are too high are not only unreasonable, but often also illegal. With a careful review and legal support, you may be able to reclaim significant amounts. 🏦💪
Contact us
Our office in Frankfurt am Main is at your disposal. Use our free initial consultation and let us check whether you can claim back any interest you have paid too much. Legal protection insurance Don’t take any cost risk. 📞💼
We will help you assert your rights and get your money back! 💰🛡️
