Processing fees on loans, the basics of the reclaim
Many loan agreements contained a separate processing fee. This article explains what the reclaim is about and how the funding model works.
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Loan Fees
6 articles on the topic of Loan Fees.
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Unlawful credit fees in Austria: repayment possible
The Austrian Supreme Court (OGH) has assessed several clauses on credit processing fees as unlawful. Anyone who took out a credit in the past years or decades may be able to reclaim the fee under certain circumstances.
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Quick check: could a reclaim apply to your case?
A few questions give a rough idea of whether a closer assessment is worthwhile. This quick check does not replace a legal evaluation, but it does offer some initial orientation.
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Reclaiming loan fees: why percentage-based fees are often inadmissible
The Austrian Supreme Court (OGH) has assessed the percentage-based calculation of many loan processing fees as inadmissible. The reason lies in the missing relationship between the fee and the actual effort of the bank.
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Austrian Supreme Court (OGH) ruling on loan processing fees: what the decision means
The Austrian Supreme Court (OGH) has assessed loan processing fees as a gross disadvantage to consumers. The decision provides clarity for the reclaim.
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Reclaiming inadmissible loan fees: how to proceed
The Austrian Supreme Court (OGH) has assessed loan processing fees as inadmissible in many cases. This guide shows step by step how a reclaim works.
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