Mortgage loans – Swiss francs (CHF)
Swiss francs (CHF) were particularly popular due to their very low interest rates compared to products denominated in the Polish złoty. In this situation, some borrowers with lower incomes or those seeking to save money on loans opted for a loan denominated in a foreign currency. Unfortunately, due to the weakening złoty, the loan installment calculated in a foreign currency and converted to złoty increased dramatically, which was met with surprise and later outrage among some borrowers.
Through a series of investigations and court proceedings, the scope of abusive clauses used in contracts by banks was clarified, including those related to the setting of the reference interest rate as the loan interest rate, the method of loan conversion at the time of disbursement and subsequent repayment of installments, and many other issues.
A proper assessment of the borrower’s chances of successfully pursuing claims and calculating the potential amount of losses is the starting point for considering litigation. In this respect, the Institute of Economic Expertise has the necessary knowledge and experience.
