Personal Loan SECCI template

Creditor

Address

Revolut Bank UAB ("Bank“)

Registered address: Konstitucijos ave. 21B, LT-08130, Vilnius.

The type of credit

Fixed-term personal consumer credit for consumers

Total amount of consumer credit

This means the total sums made available under the consumer credit agreement.

<credit amount> (<credit amount in words>) EUR

The conditions governing the drawdown of funds

This means the amount available for you under the consumer credit agreement.

The total credit amount will be immediately credited to the Revolut account once the agreement is finalised.

The credit amount provided can be used freely by the consumer without limits or conditions.

In the event of refinancing, the credit amount will be credited - at our discretion - either to your Revolut credit service account (if you refinance a credit held with us) or to your bank account in another credit institution from which you cover the credit, or a transit, collections or other account of the credit institution (where several credits are refinanced, applicable to each of them).

The duration of the consumer credit agreement

<loan period> months

Instalments

Instalments to be paid:

• instalment amount: <monthly instalment amount> EUR.
• number of instalments: <number of instalments>

• frequency: <frequency of instalments>

French amortisation method, with instalments of a constant amount throughout the duration of the Loan. Each installment consists of an increasing principal portion and a decreasing interest portion, calculated so that the instalment amount remains unchanged for the entire period of the Loan.

The consumer will pay interest and charges in the following order:

1. any outstanding tax charges (e.g. stamp duty);
2. penalty fees for late payments;
3. expenses for investigating the loan (application fee);
4. conventional interest (i.e. as provided for in the Credit Agreement);
5. the amount due as capital;
6. any other amount due and provided for in the Credit Agreement for any reason whatsoever.

The total amount of consumer credit you will have to pay

This means the total amount of disbursed consumer credit plus applicable interest and possible costs related to your consumer credit.

<Total repayment> EUR.

The borrowing rate or, if applicable, different borrowing rates which apply to the consumer credit

Fixed <annual interest rate>% annual interest rate

Annual rate of total cost of the consumer credit (AR)

Total cost of the consumer credit expressed as an annual percentage rate (APR)

The APR is there to help you compare different offers.

<APR> %.

Assumptions based on which we calculate APR:

1. The consumer credit agreement will be in force for the agreed term;
2. The parties to the consumer credit agreement will fulfil their obligations, within the specified time limits as set out in the consumer credit agreement;
3. The interest rate and other costs referred to into the consumer credit agreement will not change and will be applied until the end of the consumer credit agreement; and
4. During the duration of the consumer credit agreement you will continue to use our “Standard” plan of services.

Typical example of APR calculation:

• Amount of the credit: EUR 2,000
• Duration of the consumer credit agreement: 24 months
• Monthly instalment: EUR 94.18
• Fixed annual interest rate: 12%
• Repayment of the credit starts from the month following the conclusion of the consumer credit agreement. Interests are being paid along with the instalments.
• APR = 12.69%

Is it compulsory, in order to obtain the consumer credit on the terms and conditions marketed, to take out:

• an insurance policy securing the consumer credit, or
• another ancillary service contract?

If the costs of these services are not known by the creditor they are not included in the APR.

No.

Yes. You must hold a payment account opened with the Bank until you have fully discharged all of your obligations under the consumer credit agreement.

Maintaining one or more accounts is required for recording both payment transactions and drawdowns

Yes. It is required to have a payment account opened with the Bank. The standard payment account is free of charge.

• Standard: Free
• Plus: 3,99 € per month
• Premium: 9,99 € per month
• Metal: 15,99 € per month
• Ultra: 45 € per month

Any other costs deriving from the credit agreement

Application fee: <application fee amount>

Costs in the case of late payments

Missing payments could have severe consequences for you (for example assignment of your debt to the debt collection agency) and make obtaining consumer credit more difficult.

The following default charges will be applied to the consumer for missed payments:

10% fee on each overdue amount.

Right of withdrawal

You have the right to withdraw from the consumer credit agreement within a period of 14 calendar days.

The customer may withdraw from the credit agreement without giving any reason

within 14 calendar days from the day of the conclusion of the personal credit agreement.

If you decide to exercise the right to withdraw from the personal credit agreement you must:

• notify the Bank of your request to withdraw from the agreement via the Revolut app. This obligation is presumed to be fulfilled if the withdrawal request is made within the 14-day period as mentioned above;
• without any undue delay and in any event no later than 30 calendar days after the withdrawal, you must reimburse to the Bank the capital and the interest accrued thereon from the date on which the credit was drawn down until the date on which the capital is repaid. The interest is calculated based on the agreed borrowing rate.

The Bank may not debit any other compensation from the customer in the event of withdrawal from the consumer credit agreement.

Early repayment

You have the right to repay the consumer credit early at any time in full or partially.

You have the right to repay the credit early free of charge at any time in full or partially.

Creditworthiness checks with registers and databases

If a credit application is rejected following consultation of a database, you will be informed immediately and without charge of the result of the consultation, unless providing such information is prohibited by community law or is contrary to objectives of public policy or public security.

Right to obtain a draft consumer credit agreement

You have the right, upon request, to obtain a copy of the draft consumer credit agreement free of charge. This provision does not apply if the creditor is unwilling to proceed to the conclusion of the consumer credit agreement with you at the time of the request.

You have the right to obtain a free copy of the personal credit agreement at any time from the Revolut app.

2 EUR - if you choose to receive a paper copy by ordinary post

Time period during which the creditor is obliged under the pre-contractual information

This information is valid for 24 hours, i.e. until <document date yyyy.mm.dd + 1 day> <document date hour> <document date min>

Registration

The Bank’s (legal entity’s) code: 304580906; registered address: Konstitucijos ave. 21B, LT-08130, Vilnius. All the data is collected and saved in the Register of Legal Entities of the Republic of Lithuania.

The supervisory authority

Financial supervision of consumer credit providers is carried out by the Bank of Lithuania, located at: ave Gedimino. 6, LT-01103, Vilnius. The Bank of Lithuania's website is: www.lb.lt/en/.

The law governing relationships between you and the creditor before the conclusion of the consumer credit agreement

Italian law

Clause stipulating the governing law applicable to the consumer credit agreement and/or the competent court

The consumer credit agreement is governed by the Italian law.

Disputes arising from the personal credit agreement will be dealt with by the respective Italian courts.

Language regime

The information and conditions of the personal credit agreement are provided in Italian.

For the entire duration of the agreement, we will communicate with you in English or Italian.

Disputes resolution in out-of-court procedure and redress mechanism

You may file a complaint by email to formalcomplaints@ravolut.com, or by PEC (certified email) to revolut.italy.pec@legalmail.it, or by registered letter with acknowledgement of receipt to Revolut Bank UAB Konstitucijos ave. 21B, Vilnius, 08130, Repubblica di Lituania.

If you are unhappy with how we have dealt with your complaint, you can refer it to the Bank of Lithuania within 1 year of the date you sent us your complaint.Their address is: Žalgirio str. 90, 09303 Vilnius, the Republic of Lithuania.

Alternatively, you can refer your complaint to:

• Arbitro Bancario Finanziario (ABF). You can find out how to apply to the Arbitrator at www.arbitrobancariofinanziario.it; or
• another special body of remediation in the appropriate register maintained by the Ministry of Justice. The list of bodies of mediation is available at www.giustizia.it.