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Safe Bank

Published: 2020-07-09

Commission for granting a loan as an instrument for transferring the cost to a consumer by financial institutions in Poland

Wojciech Kaczmarczyk Logo ORCID
Section: Problems and Opinions
https://doi.org/10.26354/bb.6.2.79.2020

Abstract

The aim of the study is to analyse the manner of using the commission instrument for granting loans by financial institutions in Poland, with particular emphasis on cases including early repayment of debt. The research was based on a study of 12 cases of consumer loans repayment before the due date. The study identified the impact of the commission on the APRC (particularly in case of early repayment) and the risk associated with the borrower’s claim for repayment of part of the commission. The results obtained indicate that the commission for granting a loan is not only an instrument that increases the cost of the loan, but also the one which guarantees the achievement of a certain profitability in the event of early repayment thereof. Moreover, the results lead to the conclusion that, taking into account legal fees and court costs, consumers may waive the right to reclaim commission in the event of early repayment of a loan.

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Citation rules

Kaczmarczyk, W. (2020). Commission for granting a loan as an instrument for transferring the cost to a consumer by financial institutions in Poland. Safe Bank, 79(2), 104–116. https://doi.org/10.26354/bb.6.2.79.2020

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Vol. 79 No. 2 (2020)
Published: 2020-07-09


ISSN: 1429-2939
eISSN: 2544-7068
Ikona DOI 10.26354

Publisher
Bankowy Fundusz Gwarancyjny

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