Withdrawal from the Ratkomat agreement Loan Portal

Loan companies offer their clients both short-term and long-term liabilities. One of the lenders providing installment loans is Cooperative Bank. It enables its clients to submit an application online and several forms of payment of financial support. Thanks to this, every consumer will find something for themselves in the offer. See http://jejcrew.com for an example

However, there are situations when for various reasons we want to give up the commitment after signing the contract. It is worth knowing that we have the right to do so. Withdrawal from the Cooperative Bank agreement and many others is guaranteed by the Consumer Credit Act of May 12, 2011 (Journal of Laws of 2011, No. 126, item 715, as amended). This entry reads as follows:

Art. 53. 1. The consumer has the right, without giving any reason, to withdraw from the consumer credit agreement within 14 days from the date of the contract.

How to withdraw from the Cooperative Bank loan agreement?


As you can see, any borrower has the option to withdraw from the contract, regardless of the reason. However, one should remember about the obligation to observe the deadline of 14 days from the conclusion of the contract. In order for our request to be accepted, we must make a statement during that time.

According to the provisions of the Act, the lender should provide us with the required document. However, there are various situations when for some reason we do not have the right form. If this happens, the obligation to make a statement falls on the customer. Therefore, we provide our users with a ready-made template, which only needs to be filled in with the relevant data.

Termination of the Cooperative Bank agreement


In the Cooperative Bank framework agreement we will find information that as customers we have the right to terminate it with two weeks’ notice. During this time, we are required to collect the appropriate amount to pay the liability. This right also applies to the lender in situations where the borrower is late repaying the loan more than 60 days. The relevant document should be sent by registered mail.

Withdrawal from the Cooperative Bank contract – consequences


One of the basic consequences of submitting a withdrawal is the obligation to repay the debt immediately. This means that we have exactly 30 days to collect the necessary funds from the day the notification is given to the lender. In addition, we must remember that for the time from the payment of borrowed money to their return we will be obliged to pay interest in the amount of USD 1.37 for each day.

Apart from the consequences mentioned above, we will not incur any additional fees. Except when we’re late with a refund. We then undertake to pay default interest according to the past due debt rate.

Withdrawal from the Cooperative Bank contract – how to deliver a letter?


Information on the procedure for withdrawing from the loan can be found in the Cooperative Bank agreement. According to her, the letter can be delivered via traditional mail to the correspondence address or in the form of an email. Let’s not forget to sign the document yourself.

The statement will be accepted if the date of delivery matches the deadline of 14 days from the date of the contract. The appropriate form can be found in the contract as Annex 3.

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