Every penny counts. When taking out a loan in Swiss francs (CHF), few anticipated that this currency would appreciate so significantly. Suddenly, what seemed like a great saving turned into a substantial problem.

Unfortunately, this situation benefits the banks! The unlawfully included currency clauses in the loan agreements have led to a scenario where consumers are paying significantly higher loan installments, with their total debt repayment reaching up to 150%!

In 2019, two events provided hope for CHF currency borrowers:

on July 4, 2019, the parliament passed an amendment to the Code of Civil Procedure ensuring financial support for individuals in severe financial distress due to objective circumstances, stating, among other things: “A claim arising from a banking transaction against a bank, another organizational unit authorized to perform banking activities or their legal successors may be brought before the court competent for the plaintiff's place of residence or registered office.”
on October 3, 2019, the Court of Justice of the European Union (CJEU) issued its first favorable judgment for borrowers.

What does this mean? Each CHF borrower will be able to file a lawsuit against the Bank in the court nearest to them and demand:

Nullification of the loan agreement concluded in CHF currency in whole or in part
Conversion of the loan to PLN (according to the LIBOR rate)
A new loan repayment schedule
Reduction of the loan installment
Removal of currency exchange clauses from the agreement in full
Refund of 30% of overpaid loan installments from the Bank
Reduction of the loan balance by 50% to the amount in PLN
Interruption of the limitation period for pursuing claims regarding overpaid installments
Removal of the mortgage from the property.

Each borrower will be individually assessed by the court, and the final decision will be made based on the analysis of evidence pertaining solely to their agreement. Therefore, CHF loan consumers are advised to seek the services of a professional. A lawyer will not only represent the Client in court but also explain the complexity of the case and advise on the direction of further steps.

Our law firm handles CHF borrower cases throughout the country. We conduct comprehensive actions aimed at obtaining the most favorable judgment for our Client.

The firm's offer includes:

analysis of the loan agreement for unlawful provisions (abusive clauses)
calculation of overpaid loan installments
presenting Clients with options for reducing the loan balance
determining the refund of overpaid loan installments
nullification of the loan agreement
removal of the mortgage.

CHF Loans Swiss Franc Loans Law Firm

The year 2019 brings hope for CHF currency borrowers