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Surcharge on Euribor interest rate

The personal settlement offer

In 2009 and 2012, we increased the variable surcharge for Euribor mortgages. A number of customers did not agree with this increase. They have asked the courts for a ruling, either personally or through class action foundations.
This page tells you the latest developments and the background to the legal proceedings. Please note: this offer is no longer available.

 

Stichting Euribar settlement

In anticipation of the further progress of the case, ABN AMRO reached an agreement with Stichting Euribar on 13 February 2020 regarding a settlement for customers with a mortgage with the Euribor interest rate. In this settlement, it was agreed that customers would be made an offer. This is the offer that has been made to eligible customers: 
  • 62.5% of the Euribor surcharge increases paid in 2009 and/or 2012, calculated up to a cut-off date of 1 April 2019, plus the applicable statutory interest.
  • Certainty about the future Euribor surcharge: the Euribor surcharge will lie between 1% and 1.2% up to the end of the mortgage term. In addition to the Euribor surcharge, you also pay an individual risk surcharge (with the exception of mortgages with NHG terms and conditions and former Fortis mortgages). However, the offer of certainty about the future surcharge only applies to the Euribor surcharge. You can still convert your Euribor interest rate free of charge at any time or make extra mortgage repayments without incurring a penalty.
All eligible customers have received an offer. 80% of the customers who have received a personal offer have now accepted this offer.

Frequently Asked Questions about the settlement

I haven’t heard anything yet. When will I receive an offer?

We have contacted all customers who are eligible for an offer. If you believe you are eligible but have not yet heard from us, please call us.

Can I change my decision once I have signed the offer?

No. By signing the offer, you accept that you cannot rescind your acceptance of the offer.

Who is ineligible for the settlement?

  • An arrangement has already been made with you in relation to court cases and/or you have been compensated for surcharge increases.
  • You have a fixed Euribor surcharge in the offer.
  • You have a Maatwerkhypotheek or Buitenlandhypotheek mortgage with a Euribor interest rate. The ruling in the Euribor case does not apply to you, because other terms and conditions apply to these mortgages.
If I accept the offer, can my interest rate still change?

Yes, the interest rate is subject to change every month. The Euribor interest rate you pay depends on the 1-month Euribor trend, as well as on the surcharge, so it can go up or down. This was always the case; nothing has changed. As agreed, the Euribor surcharge specified in the offer is fixed for the time being and can only change after 1 January 2025.
Find out more about mortgages based on the Euribor interest rate
If ABN AMRO loses the case, is it possible that I could be repaid more than is currently being offered?

If ABN AMRO loses the case, it may be that you receive more than if you accept the offer. However, if ABN AMRO wins the case, you will receive nothing.

Frequently Asked Questions about the settlement

I haven’t heard anything yet. When will I receive an offer?
Can I change my decision once I have signed the offer?
Who is ineligible for the settlement?
If I accept the offer, can my interest rate still change?
If ABN AMRO loses the case, is it possible that I could be repaid more than is currently being offered?

I haven’t heard anything yet. When will I receive an offer?

We have contacted all customers who are eligible for an offer. If you believe you are eligible but have not yet heard from us, please call us.

Can I change my decision once I have signed the offer?

No. By signing the offer, you accept that you cannot rescind your acceptance of the offer.

Who is ineligible for the settlement?

  • An arrangement has already been made with you in relation to court cases and/or you have been compensated for surcharge increases.
  • You have a fixed Euribor surcharge in the offer.
  • You have a Maatwerkhypotheek or Buitenlandhypotheek mortgage with a Euribor interest rate. The ruling in the Euribor case does not apply to you, because other terms and conditions apply to these mortgages.

If I accept the offer, can my interest rate still change?

Yes, the interest rate is subject to change every month. The Euribor interest rate you pay depends on the 1-month Euribor trend, as well as on the surcharge, so it can go up or down. This was always the case; nothing has changed. As agreed, the Euribor surcharge specified in the offer is fixed for the time being and can only change after 1 January 2025.
Find out more about mortgages based on the Euribor interest rate

If ABN AMRO loses the case, is it possible that I could be repaid more than is currently being offered?

If ABN AMRO loses the case, it may be that you receive more than if you accept the offer. However, if ABN AMRO wins the case, you will receive nothing.