Petícia adresovaná: Petitionsausschuss des Europäischen Parlaments

The petitioner objects to lending rates being advertised in an imprecise manner (e.g. ‘from ... %’), as this makes comparisons and user-friendly transparency more difficult to achieve. According to him, prospective borrowers are not made aware of what criteria influence lending rates and to what extent, or what they should change to obtain more favourable rates. For credit interest there is a clear indication of which interest rate is applicable to which asset and over what period. The petitioner would like to see debit interest subjected to the same transparency.