The European Parliament has adopted a new directive adopted on loans. In these states, which is like a consumer credit up to 75,000, – EUR simply want to record these with offers of foreign banks can compare. It further stipulates that lenders are obliged to customers of all costs (total cost) to inform. So that this whole procedure is similar, a single European form will be created in which these credit offers and written down to the consumer to be transferred.

The great background lies in the simple idea that consumers in front of a possible borrowing abroad after a lender can search. In times of the Internet, this is just a click away.

That this is an EU directive, it may still take some years to them in the various countries. It is clear however, this single form is also in Germany.

Personally, I find this idea very good because it gets the borrower to all information during the lifetime costs for interest, amortization, etc. This is a possible borrowing even more transparent and can thus also possible issue of household help prevent.