Right of Withdrawal Vzorová ustanovení

Right of Withdrawal. 4.1. You have the right to withdraw from the Credit Agreement within 14 days from the conclusion of the Credit Agreement or when you receive the Mandatory Information in a durable medium in accordance with section 118 of the Consumer Credit Act, if this is later. You are not obliged to indicate a reason for withdrawal. 4.2. The Mandatory Information under the above section refers to: 1. the type of credit 2. the identity and address of the parties, as well as of any credit intermediary; 3. the duration of the Credit Agreement; 4. the total amount of the credit and conditions governing drawdown; 5. the borrowing rate. The indication of the borrowing rate must include the conditions and the period for its application and the way it is to be adjusted. Where the borrowingrate is dependent on an index or reference rate, these must be indicated. If the Credit Agreement provides for several borrowing rates, the information must be given for all of them. 6. the annual percentage rate of charge; 7. the total amount payable 8. As regards points 6 and 7: the indication of the annual percentage rate of charge and the total amount payable must be stated, specifying the assumptions that are known atthe time the Credit Agreementis concluded and that are used in the calculation of the annual percentage rate of charge. 9. the amount, number and frequency of repayments. If partial payments are planned, it must be stated in which order the outstanding claims of the creditor for the different borrowing rates apply, through which partial payments are repaid. 10. in the case of a capital amortisation of a Credit aAgreement with a fixed term, an indication of the borrower's right to receive a repayment schedule free of charge at anytime during the entire term of the loan The amortisation table shall indicate the payments owing and the periods and conditions relating to the payment of such amounts; the table shall contain a breakdown of each repayment showing capital amortisation, the interest calculated on the basis of the borrowing rate and, where applicable, any additional costs; where the interest rate is not fixed or the additional costs may be changed under the Credit Agreement, the amortisation table shall indicate, clearly and concisely, that the data contained in the table will remain valid onlyuntil such time as the borrowing rate or the additional costs are changed in accordancewith the Credit Agreement; 11. if charges and interest are to be paid without capital amorti...

Right of Withdrawal. As a consumer you have in accordance with the rules described in the attachment below a right of withdrawal. A consumer means every natural person who enters into a legal transaction for purposes that predominantly are outside his trade, business or profession.