Comments on: What is the difference between loan interests and agios? http://www.shortoncashflow.com/what-is-the-difference-between-loan-interests-and-agios/ Learn from our financial failures Tue, 06 Jul 2010 16:01:20 -0400 http://wordpress.org/?v=2.8 hourly 1 By: Sally http://www.shortoncashflow.com/what-is-the-difference-between-loan-interests-and-agios/comment-page-1/#comment-63 Sally Wed, 11 Mar 2009 12:57:48 +0000 http://www.shortoncashflow.com/?p=136#comment-63 Hello ! Thank you for your comments. I have just sent an email to my bank and will keep you posted with their answer. I don't remember being late in paying anything and we have never been in the red either so they'd better come up with a good explanation!!! I was expecting a yearly statement for tax purposes too but they haven't sent anything about the amount of interests we paid. All we have is the first statement with the 5€ deductible commission. I'd expect a big bank like theirs to send the adequate documentation on time so I don't know what's going on but I will definitely look into it. Have a nice day! Hello !

Thank you for your comments.

I have just sent an email to my bank and will keep you posted with their answer. I don’t remember being late in paying anything and we have never been in the red either so they’d better come up with a good explanation!!!

I was expecting a yearly statement for tax purposes too but they haven’t sent anything about the amount of interests we paid. All we have is the first statement with the 5€ deductible commission. I’d expect a big bank like theirs to send the adequate documentation on time so I don’t know what’s going on but I will definitely look into it.

Have a nice day!

]]> By: Francois http://www.shortoncashflow.com/what-is-the-difference-between-loan-interests-and-agios/comment-page-1/#comment-57 Francois Tue, 10 Mar 2009 07:19:53 +0000 http://www.shortoncashflow.com/?p=136#comment-57 Hi Sally, - The "Agios" are indeed the interests you have to pay when you are in the red. - The "commission interests" is something I've never had to pay. Maybe it is because you paid the commission too late ? Your bank should be able to explain. - My bank is sending me every year a statement saying exactly how much interest I paid the previous year, and what other amounts are deductible (like the loan insurance): this is this number I'm using for the tax declaration. Cheers, François. Hi Sally,
- The “Agios” are indeed the interests you have to pay when you are in the red.
- The “commission interests” is something I’ve never had to pay. Maybe it is because you paid the commission too late ? Your bank should be able to explain.
- My bank is sending me every year a statement saying exactly how much interest I paid the previous year, and what other amounts are deductible (like the loan insurance): this is this number I’m using for the tax declaration.
Cheers,
François.

]]> By: Aurelien http://www.shortoncashflow.com/what-is-the-difference-between-loan-interests-and-agios/comment-page-1/#comment-51 Aurelien Mon, 09 Mar 2009 08:08:05 +0000 http://www.shortoncashflow.com/?p=136#comment-51 Hi Sally, thank you for keeping us updated about your investments properties, it is really interesting to wannabe investors like me. As for the difference between agios and loan interests why don't you just call your bank to ask them about this 5 euro fee ? Regarding the amount of interests you have paid, I reckon your accountant will refer to your reimbursement plan as it is certainly equal to the amount you will have paid. Cheers Hi Sally, thank you for keeping us updated about your investments properties, it is really interesting to wannabe investors like me.
As for the difference between agios and loan interests why don’t you just call your bank to ask them about this 5 euro fee ?
Regarding the amount of interests you have paid, I reckon your accountant will refer to your reimbursement plan as it is certainly equal to the amount you will have paid.
Cheers

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