Annual percentage rate
The annual percentage rate is 20,541% on the following (example) conditions:
- loan of €1500,
- fixed interest rate of 17,5%,
- contract fee of €35,
- repayment period of 5 years,
- number of repayments 60,
- the sum of repayments €2273,47,
- the total cost of the credit €808,47,
- the total sum of the credit €2308,47.
The rate is calculated on the assumption that the amount of credit is being issued immediately and in full.