Table of Commissions and Charges
Except where otherwise stipulated therein, the charges set out in the Table of Commissions and Charges are inclusive of VAT and are as at 18 July 2022.
| Operations | Charges | Description |
| Copy of account statement / Preparation of documents | €5 | For each period statement (irrespective of number of pages] |
| “ | €350 | Fixed Charge for preparing and executing documents, on a borrower level. |
| “ | €750 | Fixed Charge for preparing and filing documents including the registration of new mortgage/s, on a borrower level. |
| Release of Mortgage | €150 | For all releases of mortgages. |
| Interest and Balance Certificateper borrower, at Auditors’ request | €100 plus VAT, as applicable | Annual charge. |
| “ | €60 plus VAT, as applicable | Additional charge for other extrainformation |
| Other Certificates | €5, plus VAT, as applicable | Minimum charge. |
| Loan arrears | 2% | Charge of additional interest onarrears which remains in effect for as long as arrears are outstanding. |
| “ | €5 | Each month, for the first sixty daysthe loan is in arrears. |
| “ | €20 | Each month, after the sixty days that the loan is in arrears. |
NOTE: The above charges are subject to change. In particular, CAC Coral Limited can vary any of the charges to reflect, or in anticipation of: (a) any new laws, regulations or any changes in or in interpretation of existing ones; (b) any changes to banking and/or credit acquiring companies practices, industry recommendations, including but not limited to the adoption of any voluntary code of practice and any subsequent charges thereto, and any decisions or guidelines given by relevant regulatory, trade or professional bodies; (c) increases in the cost to us of agreeing to offer a service or of making a service available including the cost we pay to others; (d) increased charges made by other credit acquiring companies or financial institutions in the Republic of Cyprus for similar services; (e) increased costs associated with changes in relevant market conditions or relevant technology; (f) any reorganisation of our business as a result of it being acquired by, or our acquiring, another organisation or credit portfolio; (g) any events beyond our reasonable control.
