Coöperatieve Rabobank U.A. trading as Rabobank Home Loan Variable Rate Policy (in respect of Loans acquired from ACC Loan Management) Statement
Under the terms of your home loan agreement, ACCLM charges a standard variable interest rate which it may change at its discretion.
This means the cost of your monthly repayments may increase or decrease from time to time.
What does Rabobank consider when setting the standard variable interest rate applying to home loans in Ireland?
The standard variable rate in Ireland is set by taking into account a range of underlying factors incorporating Rabobank’s cost of borrowing, ongoing costs of managing loans including outsourcing costs and bad debt expectations and experience. In addition, Rabobank takes into account Rabobank Group’s expected return on capital and a fair profit margin as well as its relative pricing compared to other home loan lenders in Ireland.
How does Rabobank make decisions when setting the Standard Variable Rates in Ireland?
Rabobank would consider a change to the current standard variable rate in the event that there is evidence that a material change has occurred in the underlying factors. If the Standard Variable Rate is changed you will be informed in writing 30 days in advance of the change. ACCLM is not issuing new loans and, therefore, does not anticipate introducing any new home loan products or products with alternative variable rates.
Could you get a different type of interest rate or avail of a lower interest rate from Rabobank?
Rabobank has only one variable interest rate for home loans in Ireland, its Standard Variable Rate, which is currently set at 4.4% p.a.
|Home Loan Variable||Variable rate||APR*|
* APR is the ‘Annual Percentage Rate’.
This notice is for Information purposes only.
Terms and Conditions apply.
Customers are advised that these interest rates are correct as of 17 December 2018.
You can contact Outsource Service Provider by telephone on LoCall 1850 708888, via email at email@example.com
WARNING: YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP PAYMENTS ON A MORTGAGE OR ANY OTHER LOAN SECURED ON IT.
Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.
For a Variable Rate Loan:
Warning: The cost of your monthly repayments may increase.
For a Variable Rate Loan:
WARNING: THE PAYMENT RATES ON THIS HOUSING LOAN MAY BE ADJUSTED BY THE LENDER FROM TIME TO TIME.
Where you are consolidating debt:
Warning: This new loan may take longer to pay off than your previous loans. This means you may pay more than if you paid over a shorter term.