You borrow €200,000 the bank give you €4k you then pay them back over 20 years around €290,000. It could be argued that €4k they give is a discount on the interest you are paying them.
Don't think it would be considered a gift in that context.
Joe that is a reasonable approach. But that is not how Revenue could see it.
It seems very straight forward to me - its a gift not a discount.
In fact if they had structured it as a reduced interest payment, that would be a different matter.
But bear in mind Revenue applied BIK to bankers despite the fact the rates that were being paid had become the same as commercial rates sometime after they were granted.