What is FEIN?

The FEIN stands for Ficha Europea de Información Normalizada (European Standardised Information Sheet), a compulsory document that the bank or lender must give you before you sign your mortgage. It gives precise details of the loan granted. The FEIN is a requirement of the European Credit Directive, which aims to ensure transparency and comparability between different loan offers.

What does FEIN contain?

This standardized document clearly and comprehensively sets out the essential information relating to your loan:

• Loan amount
• Interest rate (fixed or variable)
• Loan term
• Monthly payments
• APR (Annual Percentage Rate, which expresses the overall cost of a loan)
• Additional costs (notary, administration fees, etc.)
• Consequences of non-payment
• The possibility of early repayment

When does FEIN arrive?

The bank must give you the FEIN at least 10 days before you sign the deed of sale at the notary's office. This period allows you to :

• Read the document in detail
• Compare with other offers
• Ask all your questions before making a commitment