It all sounds very easy. Just take out a loan from the bank because you want to purchase a new car or finance a long trip. After signing your application, you sign a loan agreement and the amount will be on your account in the shortest possible time. But maybe it does not run exactly the way you want. What are your rights in a loan agreement?
Each borrower is protected as a consumer by a number of statutory provisions. These allow you to collect information, to take a cooling-off period, to change your opinion about the loan agreement or even to repay your loan earlier.
When you want to enter into a loan agreement, it all starts with finding the right information and looking at the possibilities. In this phase, the creditors are obliged to inform you correctly and transparently about your possible credit application. During this period, it is also important that you provide the lender with all the necessary information about your current situation (personal, residential, work, etc.). After all, the bank needs to know for sure whether you have sufficient income and are in a stable financial situation to decide whether or not you can take out the loan.