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…And borrow wisely


There’s a difference between the nominal and effective rates of interest. Supposing you borrow SEK 150,000 at FOREX Bank over five years and your nominal rate is set at 6.88%. The effective rate will then be 7.18%, including the start-up fee of SEK 495 and advice fee of SEK 25 per month.

The wise ones amongst you will do better by setting up an autogiro (direct debit) for the monthly payments instead, thus lowering the cost. With an autogiro you’ll save SEK 1500 over 5 years!

Best of all is setting up an autogiro from a salary account with FOREX Bank. We presently offer a savings rate of 1.51% from the very first Crown in your account. You can also add a FOREX Bank card (Visa) for SEK 240 per year and get FOREX Internet bank, which is free.

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