/Entry into force: 01/01/2017

European standardised information sheet (ESIS)



section 1 of the standardised ESIS model referenced in 9 a of the consumer credit Act (2010:1846), as set out in annex II to European Parliament and Council Directive 2004/17/EC of 4 February 2014 if consumer credit agreements which relate to residential property and amending directives 2008/48/EC and the 2013/36/EU and Regulation (EU) no 1093/2010, in the original wording (mortgage).



In the ESIS ' contingent liability or guarantee a credit agreement that serves as a guarantee for another separate but affiliated transaction, where the capital secured with immovable property can only be used when there is an event or events that are specifically provided in the agreement.



The Swedish financial supervisory authority, the authority may define a comparison interest rate in accordance with sections 4.2 and 6.4 of part B of the ESIS.



Calculation of the effective interest rate



section 2 of the effective interest rate for housing loans under the consumer credit Act (2010:1846) shall be calculated in accordance with the mathematical formula set out in part I of annex I to the directive in mortgage lending.



section 3 For the calculation of the annual percentage rate of charge, the credit cost determine-mas. When the cost of credit is determined under this section shall not be included such charges payable by the consumer due to an obligation under the mortgage loan agreement has not been fulfilled. As part of the cost of the credit to be considered costs for opening and managing an account for registration of drawdowns and payments made, the costs of using a means of payment related to the account as well as other expenses for payments of account opening or management of an account is required in order to get housing credit or to obtain it on the terms you set up in marketing.



paragraph 4 for the purpose of calculating the annual percentage rate of charge, it is assumed that the housing credit is valid for the period agreed and that the parties fulfil their obligations under the terms and by the dates specified in the credit agreement.



If the credit agreement containing clauses allowing variations in the borrowing rate or fees, which could not be foreseen when the APR is calculated, credit interest rate and fees are assumed to be fixed and apply until the housing credit expires.



In addition to the assumptions taken into consideration as set out in part II of annex I to the directive in mortgage lending.



section 5 For a housing credit where a tied credit interest rate is determined for an initial period of at least five years, at the end of which negotiations will take place if the borrowing rate to determine a new fixed rate for a further period, the calculation of the effective interest rate that is given as an example in the ESIS relate only to the initial period with a fixed rate and are based on the assumption that the stock capital is repaid at the end of the period by bound credit interest.



section 6, if under the housing credit allowed variations in the borrowing rate, the consumer through the ESIS will be informed of the impact that the variations could have on the amount to be paid and at the effective interest rate. This shall be done by the consumer must be provided indicating a further effective rate that exemplifies the risks that a substantial increase in the borrowing rate may cause. If there is no ceiling for credit interest rate, should this information be accompanied by a warning that underlines the fact that the total cost of the credit to the consumer, as evidenced by the annual percentage rate of charge, may be subject to change.



The first subparagraph shall not apply to credit agreements as referred to in paragraph 5.