Loan agreements here is the simulation

The calculations made by Il Sole 24 Ore from 100 thousand euros for a loan signed in September 2005 (as stated in the illustration opposite) show that in case of accession to the Convention, we obtain immediately an installment lighter (6 -12% depending on the length), but you end up having to return a greater amount of interest (from 2% to 17%).

And this is assuming that market rates will remain unchanged until the end of the loan, either in case (more realistic and conducive to the customer) that the Euribor retrace the upward and downward trend of the last 3 years. The difference translates into an extension of the loan (in order to restore what has been accumulated in profit enhancement funding) that can range from 3 months of the most favorable (10-year mortgage rates trend of the market) to 52 months of 'hypothesis worse (20-year loan at a future level of rates unchanged).

Who gains?

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