Questions and Answers
You can request reports from registers in person at our Client Center or through our e‑shop. We describe all methods of delivery of individual reports here:
Need to quickly check your registry statement? Thanks to the portal www.kolikmam.cz, you can have it available online at all times. This can come in handy not only before applying for a larger loan, but also periodically, as a check to ensure you haven't forgotten about any of your obligations and that your payments have gone through smoothly.
Tip: Thanks to access to online statements, you'll be able to sleep soundly. Every month, you can be reassured that everything is in perfect order.
5 Advantages of Online Registry Statements:
A statement from the registers provides a comprehensive overview of all credit products you are utilizing or currently applying for. It also includes information about regular and irregular payments, details about payments made after the due date (in other words, payments that did not occur according to the pre-agreed repayment conditions), and other information regarding the parameters of your loans or applications.
Useful Data for Institutions and Clients
A statement from the registers is a valuable document for both the client and the financial institution. When you apply for a loan, financial institutions assess your credibility. They examine whether you have provided all the required information truthfully and whether you have disclosed all your commitments, loans, and credit cards. Financial institutions have access to your statement from the registers, which contains this information. Statements from the BRKI and NRKI registers do not contain information about your income, only about your liabilities.
Confirmation of Financial Condition
A statement from the registers offers insight into your credit history. If it demonstrates that you repay loans in a timely and proper manner, you have a better chance of obtaining a loan compared to someone who repays their obligations late or not at all. A statement from the registers is evidence of your payment reliability and serves as a foundation for successfully building your financial future. Be cautious when dealing with financial institutions that do not work with statements from the registers. If they are not a participant in one of the BRKI and NRKI registers and do not request a statement from the registers, they are unlikely to have a genuine interest in ensuring you can repay their loan."
The statement from the registers is a comprehensive source of information containing both negative and positive data regarding an individual's overall payment discipline and credit history.
Identification Data
The statement from the registers begins with identification data – for non-business individuals, this includes PERSONAL INFORMATION: name, surname, address, personal identification number, and date of birth. The identifiers also include a code assigned to the subject in the register. If the subject is a business entity, the identification data is supplemented with a company identification number (IČO) and a tax identification number (DIČ).
Summary Evaluation of Credit Contracts
The statement from the registers then provides a list of all credit contracts based on the type of operation and their phase: from application, through rejection, appeal, existence, to termination.
Individual loans are categorized by type of operation into Loans, Housing Loans, Business Loans, Financial and Operational Leases, Overdrafts and debits on the current account, Cards and revolving loans, Accounts for services, and factoring.
Following this is an overview of the ratio of obligations in the individual registers and a comparison to the previous month for Total Monthly Payments, Total Debt Amount, and Unpaid Amounts Past Due. In the joint statement from the Banking and Non-Banking Registers, these three items are calculated across both registers. For example, the total monthly payment is calculated from all loans in both the BRKI and NRKI registers. Each item also shows the breakdown of how much of that amount is in the Banking or Non-Banking Register.
All loan amounts are always listed in the national currency.
List of Contracts
In the next section, details of each individual contract or loan are provided. The details of each type of loan first display items that are current for the given month. For example, the amount of the next installment as of the statement date, the number of remaining installments, and others. Among these items are also so-called maximum calculated items, such as Maximum Unpaid Amount or Worst Status. These values are calculated from the entire history of the contract.
Below this list, there is a table with the repayment profile. The repayment profile provides a detailed description of the last 24 months, such as the trend of the remaining installment amounts in individual months. At the level of each month, you can also see the Unpaid Amounts Past Due if the client did not meet their obligations on time.
Summary of All Applications
The last section provides an overview of all applications made by the client and their role in them. This includes whether the client applied for a loan themselves or played a role as a guarantor or co-applicant. It also includes applications that were rejected by the financial institution or those that the applicant withdrew themselves. In the rejected and withdrawn phases, the applications are displayed on the statement for an additional 12 months or 6 months for applications in the Non-Banking Register.
A natural person or a self-employed natural person who is of legal age and legally competent. If the applicant does not meet any of these conditions, their request will not be accepted. To verify the identity of the applicant, a valid ID card or passport is required. A foreign individual is required to prove their identity with a passport or a residence permit in the Czech Republic. A natural person can authorize representation in the process of applying for the service and related activities based on an officially certified power of attorney (forms). Personal documents are required from the representative to the same extent as from the natural person they represent. If the applicant is the legal representative of the client, some form of proof is required.
A legal entity can also request a statement from the registers and can be represented based on an officially certified power of attorney (forms). In such a case, you will also need this authorization (power of attorney) that allows you to act on behalf of the legal entity, if this information is not directly evident from the Commercial Register extract. If the legal entity is not registered in the Commercial Register maintained by the Ministry of Justice of the Czech Republic (www.justice.cz), the applicant is obliged to submit, together with the request, an extract of data about the legal entity from the relevant register or from another record (in original or a certified copy), which must not be older than 3 months; after the request is processed, this extract will be returned to the applicant
Have you discovered that the information about you in the BRKI and NRKI registers is incorrect, inaccurate, or incomplete? Please contact us with the completed request for correction of inaccurate or false information. You can find the forms HERE. How can you deliver your request to us?
Upon receiving your notification regarding the processing of false or inaccurate information in the registers, we will make every effort, in cooperation with the relevant financial institution, to rectify the situation as soon as possible. If it is not possible to rectify the situation, we will promptly eliminate the false or inaccurate information.
The authority responsible for the out-of-court resolution of consumer disputes under Act No. 634/1992 Coll., on Consumer Protection, as amended, is the Czech Trade Inspection, with its registered office at Štěpánská 657/15, 120 00 Prague 2 (www.coi.cz).
You can obtain a distrain statement online through the kolikmam.cz portal after registration or in person at the CRIF Client Center immediately. You can inquire with the Central Registry of Enforcement Proceedings (CEE) of the Czech Republic for a natural person, a natural person doing business or a legal entity. The CEE is a public list maintained, operated, and managed by the Chamber of Executors of the Czech Republic, pursuant to the statutory authorization provided in Section 125 of Act No. 120/2001 Coll.
The CEE allows you to obtain indicative information about specific enforcement proceedings, ascertain whether a specific subject has been subjected to enforcement according to the Enforcement Code, which judicial executor has been entrusted with the execution, what outstanding obligation is being enforced, when the enforcement was ordered, and whether it has been lawfully postponed or terminated.
You can request Distrain in person at our Client Center or through our e‑shop. There is no need to verify the identity of the applicant for queries into the Central Register of Enforcement Proceedings. After selecting the subject of interest – a natural person, a self-employed natural person, or a legal entity.
The data regarding distrains is deleted from the CEE without undue delay after 15 days from the conclusion of the execution proceedings, or after the enforcement officer is informed of its conclusion. Execution proceedings may conclude upon the recovery of the obligation, by the legally binding suspension of the execution, etc.
The Central Register of Distrains is a public list that is maintained, operated, and managed by the Chamber of Executors of the Czech Republic in accordance with Section 125 of Act No. 120/2001 Coll., on Judicial Executors and Enforcement Proceedings (Enforcement Code), as amended. The procedure for recording data in the Central Register of Executions, as well as its management, operation, and maintenance, is regulated by Decree No. 329/2008 Coll. of the Ministry of Justice on the Central Register of Executions, as amended.
Judicial executors enter information into the Central Register of Distrains as stated in the notification of the initiation of distrain after the notation of distrain performance is recorded in the register of initiated distrains, and details from legally binding resolutions on the order of distrain (for proceedings initiated until December 31, 2012), or from legally binding resolutions on the suspension and postponement of distrain, and other information determined by legal regulations. The entry of information from the notification of the initiation of distrain is done within 3 days after recording the notation of distrain performance, and from the resolutions on the postponement or suspension of distrain, within 3 days of the legal force of these decisions.
MyCredit is sourced from multiple channels. In addition to data from the credit registers CIBR/NBCIR, it draws information from the REPI registry. It also includes data from the Central Distrain Register. The header contains personal information of the applicant. Furthermore, it indicates whether the applicant has a record in the insolvency register, verifies the validity of the applicant's ID, and whether the person is or isn't a statutory representative or self-employed.
From the CIBR/NBCIR registers, it only contains summarized information. For detailed repayment information, it is necessary to request a joint statement from the registers. It provides the total monthly installment, the number of open contracts in the registers, the outstanding amount overdue, and information on the maximum owed amount. It also includes the user's credit rating.
From the REPI register, it includes details about the number of contracts, overdue amounts, or the number of terminated contracts with outstanding debt. If a person is not listed in the REPI register, this information is stated on the statement, indicating that the applicant has no loans with companies that are members of REPI. Following this are brief summaries from the Central Execution Register – total number of executions, obligated person, update date, and execution number
MyCredit is useful when you need to demonstrate your credibility. You can present it to your employer or property landlord. Based on the concise certificate on a single sheet, they can ascertain whether you are a trustworthy partner and make a more informed decision about whether to collaborate with you. A favorable certificate usually translates to better terms.
MyCredit contains only select data from the CIBR/NBCIR and REPI registers. If you require a detailed overview of all contracts, including their repayment information, it's necessary to request a Joint Statement from the registers. This includes details of all contracts, including historical ones, credit ratings along with a comparison to debtors from the same region, and a comparison against your age group. The Joint Statement from CIBR/NBCIR is a valuable tool for building a positive credit history. We recommend checking it four times a year. This helps prevent potential issues with identity theft. Having an overview means the ability to make informed decisions. At the same time, you'll find out whether you 'have what it takes' to take on more debt
The REPI register, established as the third in line, is the younger sibling of the BRKI and NRKI registers. It was founded by the company CRIF – Czech Credit Bureau and is officially named CRIF – Registry of Payment Information. Its main purpose is to gather companies that provide their clients with some form of service based on installments. This could be a loan, installment purchases, or invoiced purchases with deferred payment.
The register is intended for credit providers, e‑shops, property rental companies, providers of telecommunication or data services, and cable television providers. You can find a list of registry members who share information among themselves HERE.
The REPI register contains both negative and positive information. Negative indicates that a client does not pay their obligations for services or loan installments on time, while positive contains information that the client pays their obligations on time and in full. Registry members are companies that wish to verify a client's payment history before providing them with an installment service. However, payment history is not the sole criterion. Current income and expenses of the client in relation to the requested loan/credit amount are also assessed. A good payment history can be a significant factor.
If you only need brief information, some data from the REPI register is included in the MyCredit.
You can obtain REPI Report most affordably in its online version. When verifying through bank identity, you'll only pay a hundred crowns. You can request it if you're unsure whether you owe money to a place not covered by the credit registers CIBR/NBCIR. You can also get it at the Client Center in Prague 4, but it will cost you 200 CZK. You can pay in cash or by card. This paper version is more expensive because the staff at the client center process it manually. If you want the REPI statement sent by mail, its price will also be 200 CZK. Additionally, postage or cash-on-delivery fees will be added to the shipment cost.
#kolikmam365 is a package that combines services offered on the kolikmam.cz portal, saving you both time and money. It includes 4 joint statements from the registers, monitoring services over the data recorded in the CIBR and NBCIR registers. It provides your personal rating, allowing you to find out how financial institutions perceive you when applying for a loan or credit. Each time you log into the internal part of the portal, a query is made to the registers and the data is always up to date. The condition for using the #kolikmam365 package is registration on the kolikmam.cz portal. You can also register on the portal when purchasing services in our e‑shop
The #kolikmam365 package costs 499 CZK/year and can be activated for a minimum of 1 calendar year. If you wish to extend the service, simply make the payment using the link that we will send to your email address, which you used to register on the portal, in advance.
The #kolikmam365 service package is available online on the kolikmam.cz portal. You can register on the portal when purchasing our services through the e‑shop. You can activate the package by visiting the CRIF Client Center in Prague 4. In person at the Client Center, you can register and activate the package without any waiting. Our operators will be happy to explain all the details to you
NetAgent is a service focused on locating stolen or compromised sensitive data on the internet. It is designed for proactive cyber detection on an international level. NetAgent continuously monitors thousands of websites and millions of data points. It alerts users if there is a threat to their personal or financial information in the online environment, including the dark web, deep web, and IRC channels.
It is the only monitoring solution designed for proactive international cyber detection, free from language barriers, and capable of uncovering identity theft worldwide. It offers the ability to constantly monitor the movement of personal and financial data on the internet to prevent their unlawful use and allows the user to react quickly and take necessary protective measures.
When you activate the NetAgent service on the kolikmam.cz portal, it initiates monitoring of the tracked data. Once an elevated risk is detected, you will be alerted via SMS or email, depending on your preference.
NetAgent watches over your personal, address, financial, and contact information, including login details for applications: name, surname, address, date of birth, personal identification number, ID card number, passport number, driver's license number, bank account number in national and international format, credit card number, email addresses, and phone numbers.
Each user chooses the extent of the data according to their own discretion.
As soon as we detect any event related to your monitored data, we will send you a notification email or SMS within 24 hours of the event. You will also have access to all notifications in the client zone of the kolikmam.cz portal.
NetAgent monitors online activity related to the personal information you have defined. This alert signifies that our monitoring technology has identified information on the internet that matches the data you are monitoring. It provides detailed information about the compromise as well as the source.
NetAgent significantly reduces the risk of identity theft by providing early notification if your personal information is in any way compromised. The service allows for prevention and swift resolution in the event of identity theft. It is also advisable to activate the service #kolikmam365. This monitors activities in the registries (CIBR and NBCIR) and checks for any new events or requests for credit products in any of the registries. Unfortunately, no identity protection tool can completely prevent instances of identity theft.
The easiest way to register and create an account. You gain access to the world of electronic services using the login credentials from your internet banking. You can access the services easily, securely, from anywhere, and for free.
Currently, we have the following banks for identification:
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Online identification is only possible for clients who have set up their banking identity at a bank branch. This means that they have personally opened an account at a bank branch or later visited a branch to activate the BankID service. If you are unsure, we recommend checking with your internet banking or visiting a bank branch for information.
First, it is necessary to fill out the registration form. If you are a foreign national, you need to submit the application with an officially certified signature.
Based on the completed application, we will send you a contract for signature. We can send the contract to you by mail or through a data box.
Once we receive the signed contracts from you, we will activate your account and send you the login details via email for the first login to the portal. Please note that only natural persons can register for the portal.
The registration process may seem complicated, but please keep in mind that this is primarily to protect your personal information.
Debit or credit card via the GP WEB PAY payment gateway.
Fast bank transfer through online banking via the PayU payment gateway (for service activation and registry reports).
Cash on delivery (for registry reports).
Push payment (for service activation extension).
GP WEB PAY Payment Gateway:
This payment gateway allows us to process payments not only with cards (supported types: VISA, MasterCard, Maestro, DinnersClub), but also push payments, which we use to extend the validity of #kolikmam365 and NetAgent services, especially for data box payments. It involves an automatically generated payment link that you will receive via email.
What happens when I click on the payment link or scan the QR code?
If you choose to use the received link to pay for reports sent via data box or to extend the service, after clicking on this link or scanning the QR code with your reader, your browser will be redirected to the GP WEB PAY payment gateway, where you can comfortably and securely complete the payment without the need to log in to the kolikmam.cz client zone.
PayU Payment Gateway:
If you choose to pay through the quick payment button of your bank, you will be redirected to the internal internet application. Instructional videos for individual banks are available below.
Please note: This is not a regular bank transfer. Fast bank transfer means that the gateway redirects you directly to your online banking, where you will find pre-filled payment details. The bank confirms the successful payment as soon as you confirm the payment order. Unlike a standard transfer, we don't have to wait two days for the money to be credited to our account, allowing us to provide you with the report immediately. For this reason, only banks that provide this form of fast transfers through the PAY U gateway are listed.
Can it happen that I pay twice?
The payment link and QR code are valid until the payment is made in any way. Until you, as the cardholder, enter your card details, you can click on the link repeatedly or scan the QR code repeatedly.
Credit registries are secure databases that record information about clients of financial and non-financial institutions who have or have had obligations to these institutions in the past. Both financial and non-financial institutions can exchange this information about clients through the registries. This primarily concerns information about the ability to repay obligations, also known as creditworthiness.
In general, credit registries are databases containing information about all types of clients – both legal entities and individuals – citizens and entrepreneurs who are in some way associated with a provided loan. Credit registries are designed to provide financial and non-financial institutions with data about clients needed for granting loans and thus prevent providing loans to 'non-creditworthy' clients.
Registries also serve the clients themselves, especially in cases where a client is reliable and financial and non-financial institutions can verify this through the registry. This leads to a faster process of providing financial resources. Additionally, clients can assess whether they can afford another loan or not by checking their own credit history in the registries through ordering a Registry Extract.
In the Bank Client Information Registry (CIBR): In addition to the client's identification information (i. e., name, surname, date of birth, personal identification number, place and country of birth, and address), CIBR also contains information indicating whether there has been or will be a contractual (credit) relationship between the client and the bank. It also includes personal information about the client's financial obligations that have arisen, will arise, or may arise towards the bank, such as the number of existing credit agreements, the amount of individual loans, repayments, repayment history, information on securing obligations, and more.
CIBR also contains information about whether you are currently applying for any credit product. The information is stored in CIBR for the entire existence of the credit product and then for a period of 4 years after its termination. If the requested contract between you and the bank has not been concluded, this information is kept in CIBR for a period of 1 year from the date of submitting your application to conclude the relevant contract.
In the Non-Bank Client Information Registry (NBCIR): For each individual or legal entity, the registries provide basic identification information such as name, personal identification number/tax identification number, and address. They also include information about the type of product used and how much the individual or legal entity repays or has repaid in the past. Specifically, this includes the number of credit agreements, the amounts of individual loans, and the amounts of regular repayments.
The information also encompasses the repayment history of these obligations and details about their collateral. The registry also maintains a so-called positive credit history – indicating that the client repays their obligations properly and on time. Additionally, the registry contains information about whether a particular person is currently applying for any credit product.
How long are the records kept in credit bureaus?
The information contained in the registries is regularly updated on a monthly basis and is stored for the duration of the contractual relationship with the financial institution, and for an additional 4 years after its termination. If a contract with the client has not been concluded, the information in the form of a loan application is kept in the Non-Bank Registry for a period of six months, and in the Bank Registry for a period of one year.
In CIBR/NBCIR, both individuals (citizens and self-employed individuals) who have or have had any loan product with a financial institution that is a participant in the CIBR/NBCIR registries, are listed. It also includes individuals who are currently applying for a loan product and have not yet entered into a loan agreement.
Banking Client Information Registry (CIBR)
The Banking Client Information Registry (CIBR) maintains a database of contractual (credit) relationships between banks and their clients. CIBR displays information about clients that reflects their creditworthiness and credibility, including details about the overall credit engagement of the client, utilization of individual credit products, and the payment behavior of the client. CIBRcontains both positive and negative information, providing banks with comprehensive credit histories of their clients. This, in turn, enables clients to build their own credit history. With the positive information in the registry, banks can better evaluate the potential risk of over-indebtedness for clients applying for new credit. The registry began its operations in 2002. The Banking Client Information Registry is operated by CBCB – Czech Banking Credit Bureau, a.s. For more information, visit www.cbcb.cz
Non-Banking Client Information Registry (NBCIR)
The Non-Banking Client Information Registry (NBCIR), operated by the association CNCB – Czech Non-Banking Credit Bureau, z.s.p.o., manages a database of client credit products from leasing companies, companies providing consumer and other loans, and factoring companies. Users of the Non-Banking Registry can verify the creditworthiness of their clients, for instance, whether a client repays their obligations on time and in good order. NBCIR contains information about contractual relationships between lending entities and their clients, which determine creditworthiness, trustworthiness, and their payment behavior. This includes details about credit products (accepted and rejected), the amount of the loan, and repayments, as well as whether the client's obligations are met properly and on time. For more information, visit www.cncb.cz
Banking Client Information Registry (CIBR) – a database of financial obligations and payment discipline of clients of banks that are members of this registry.
CRIF – Czech Credit Bureau – the technical administrator of the Banking Client Information Registry (CIBR) and Non-Banking Client Information Registry (NBCIR); facilitates the exchange of client information among individual members of the CIBR or NBCIR registry.
Czech Banking Credit Bureau (CBCB) – the entity through which significant banks operate the Banking Client Information Registry (BCIR).
Czech Non-Banking Credit Bureau (CNCB) – the entity through which reputable non-banking financial institutions operate the Non-Banking Client Information Registry (NBCIR).
Client Center – both banking and non-banking registries (or their operators) have client centers. It is possible to obtain a registry statement and register with kolikmam.cz through them.
Kolikmam.cz – a portal that allows online access to registry statements and serves as a guide for responsible borrowing.
Non-Banking Client Information Registry (NBCIR) – a database of financial obligations and payment behavior of clients of non-banking financial institutions that are members of this registry.
Non-Repayment Operations – a category where you can find overdraft loans, authorized and unauthorized debits in your statement.
Credit Card Operations – within the statement, this category includes credit from building savings or revolving (automatically recurring) loans.
Repayment Operations – a category where you can find personal loans, consumer loans, mortgage loans, investment or operating loans, leasing, etc., in your statement.
Registry report – an overview of financial obligations that a subject has with financial institutions associated with the Banking or Non-Banking Client Information Registry
A lot can be gleaned from the proposed loan agreement about the seriousness of the loan provider and the loan conditions. Check if it includes, among other things, the following items. If not, ask why and request their inclusion:
There is no one-size-fits-all guide that could describe in a few sentences how to choose the ideal loan product. Much depends on the applicant's specific situation: how much money they need, for what purpose, what their current and future repayment options, collateral, and guarantees are. However, there are a few useful guidelines. Once you choose a suitable loan product for your purpose, seek recommendations from acquaintances or online for offers from several competing financial institutions. Try to compare them. Also, try to verify the reliability of a specific financial institution from multiple sources.
Are you having trouble meeting repayment deadlines? Or perhaps you're already not meeting your obligations? The first step is immediate communication with your creditor. They will certainly try to find a solution. And undoubtedly, they are bombarding you with phone calls, emails, and letters. A ruined client is of no value to them. Once you bury your head in the sand, they may take drastic measures against you. Later on, you may personally feel the painful consequences of words like execution, bankruptcy, insolvency, and liquidation.
It's quite common for people to forget about their obligations. In the best case, they'll remember their forgotten debt when applying for a new loan; in the worst case, only when the bailiff comes knocking. If you haven't been meticulously keeping track of your obligations so far, it's not easy to get a clear picture of your current situation. Just imagine having to call all the financial institutions you've ever borrowed money from! And of course, we're not just talking about large loans that you probably remember, but also about electronics on installment plans or credit cards. Regularly check your registry statements. Be careful! It's not enough to just keep an eye on loans directly in your name, but also on loans where you act as a guarantor. If the person you're guaranteeing for can't make the payments (due to long-term disability, injury, and so on), then the debt shifts to you. Be very careful about who you guarantee for and stay informed about their repayment status.
Are you looking to buy your own home but worried you won't qualify for a mortgage? Do you want to secure the most advantageous loan terms? One straightforward way to boost your credibility in the eyes of a bank is by building your credit history.
Banks must carefully consider who they can grant a high loan amount to and who they cannot. This protects not only their own funds, but also the funds of their clients. The bank wants clients who can demonstrate the ability to repay loans because otherwise, they will never recover the full amount of their investment. Clients who may struggle to repay a loan are less likely to be approved. This can sometimes evoke negative emotions. Imagine, however, getting a mortgage only to realize later that you're unable to make the payments. In the end, you could still lose the dream property. That's why it's better to carefully consider whether the loan might burden you too much.
Records in registries are a handy tool. They allow the bank to easily check your payment behavior. It's not true that the bank values a client who owes nothing anywhere the most. The bank most values clients who can demonstrate the ability to repay all their loans smoothly. So, don't hesitate to take out a car lease or buy a washing machine on installments. On the contrary, if you repay promptly and on time, the bank will view you as a reliable client.
If you plan to apply for a mortgage in the future, try first with a smaller loan to see your repayment capabilities. When you manage to repay the loan properly, you'll receive better terms for your mortgage
Under no circumstances should you succumb to the temptations of untrustworthy debt relief companies – not all of them have your best interests at heart. Also, refrain from taking out another loan to cover unpaid debts. Both of these solutions will only deepen the debt trap you've fallen into. In any case, seek advice from one of the financial distress counseling services, or other useful organizations that provide free guidance and assistance. We certainly don't wish a burdensome insolvency situation upon you. Nevertheless, below we explain a few terms you may come across.
When evaluating competitive offers, don't rely solely on the interest rate. This is especially true when it doesn't always represent an annual rate – especially if it seems suspiciously low. In such cases, the percentage figure may not be per annum (per annum), but perhaps per month (per mensem). It's much more appropriate to compare using a more comprehensive indicator – the so-called APR, or Annual Percentage Rate of Costs. In reality, you're not only paying a certain percentage of interest on the borrowed amount annually, but also various fees related to contract closure, loan administration, account management, and so on. These are already included in the APR. So, the APR shows the cost of the loan more accurately than the interest rate. Of course, it would be ideal if the APR were the same as the interest rate. This would mean you're not paying any extra fees. However, that's unrealistic. Through the APR, you should also only compare products with comparable repayment periods and installment amounts.
Another important indicator is how much you will actually pay for the entire loan. Utilize online calculators. Seek references. Utilize the services of financial consultants and advisors. It's worth it. Also, check what would happen if you were late with a payment. Penalty interest rates can vary greatly among different financial institutions and in some cases, be unreasonably high.
By registering on the portal, you will receive regular updates on the status of your credit obligations recorded in the credit bureaus CIBR and NBCIR. Additionally, you can handle everything from the comfort of your home online. The report from registers is available immediately with just a click, as well as other offered services. You can complete the registration when making a purchase in our e‑shop.
