kancelaria LexWIBOR - Your Rights as a Borrower
If you're a borrower and have doubts about your loan agreement, you may have grounds for legal action against the bank. The WIBOR Law Firm can help you understand your rights and take appropriate steps.
One option worth considering is removing WIBOR from the loan agreement. If the court finds that WIBOR is determined improperly and constitutes unfair contractual clauses, you may be entitled to a refund of all previous interest payments. You'll still repay the loan under the same terms, but without additional interest.
Another possibility is reducing the loan interest rate. The court may find that part of the interest based on WIBOR is invalid, leaving only the bank's costs in the form of margin. This can significantly reduce the amount you need to repay.
If the situation is more serious, there's also the option of invalidating the loan agreement. If the court deems the agreement invalid due to faulty WIBOR determination, it may require repayment of the entire loan amount. However, this isn't always the most favorable solution, especially if you haven't yet repaid the entire loan capital.
Don't forget about legal costs as well. If the judgment is in your favor, the bank may be required to reimburse the legal expenses.
Remember, every situation is different, so it's worth consulting with a lawyer specializing in loan matters. The WIBOR Law Firm can help you understand your rights and find the best solution for you.