Overview: The ruling of the Supreme Court of Justice regarding loan processing fees
In a landmark ruling, the Supreme Court (OGH) has decided that certain loan processing fees are invalid. This has set a clear signal for consumer protection – and opened the door for many borrowers to reclaim fees they have already paid.
What does that mean for you?
For you as a consumer, the opportunity now arises to have these fees reviewed. In the case of inadmissible clauses, amounts already paid can be reclaimed – even for loans that have already been paid off. This is because the claims, which typically amount to several thousand euros, only become time-barred 30 years after payment and accrue interest at four percent per year.
Are youAffected?
Check your loan agreement for the following terms. If any of these points appear, your chances are good to get your money back including interest.
- „Processing fee or handling fee“
- „Contract conclusion fee or loan fees“
- One-time fees for collection, disbursement, or administration
- Printing and postage costs
- Valuation fee
- Fee for land register application and land register extract
Your legalPossibilities
Free initial assessment & enforcement of claims
- Contract check: You upload your loan agreement, we review it within 48 hours.
- Clear assessment of success: You will learn in black and white how high your claim for recovery is.
- All-inclusive service: From registering the claim to the trial: We handle every step.
Your advantageFull transparency regarding costs and risks
Depending on your individual needs, we will find a way to enforce your claims in connection with the Supreme Court ruling on loan processing fees.
Legal expenses insurance
If you have already taken out legal protection insurance, we offer you the following:
- Free coverage request
- Cost coverage depending on the insurance policy
- No third-party profit sharing
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litigation funding
If you do not have legal expenses insurance, we will connect you with a litigation funder who will finance your case in exchange for a success fee.
- No financial risk for you
- Performance-based financing
- Expert review
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self-financing
If you neither have legal expense insurance nor wish to use litigation funding, you have the option of paying the costs of legal representation yourself. We would be happy to provide you with an offer.
- Transparent billing RATG
- No third-party profit sharing
- risk of bearing legal costs
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Our Experts
We specialize in litigation and have already successfully enforced claims for damages for many of our clients.
- Specialized in damage compensation lawsuits
- Operating throughout Austria
- Individualized care instead of mass processing
Would you like to learn more about how to enforce your claims?
Or do you have any questions? Send us a message or contact us by phone – we are available for you at any time.