Annual percentage rate
The initial annual percentage rate of charge is 5,196% under the following sample conditions:
- loan amount €2 500;
- fixed interest rate 5% per year;
- agreement fee €0;
- the sum of repayments €2 572,89;
- the total cost of the credit €72,89;
- the total sum of the credit €2 572,89.
The rate was calculated on the assumption that the loan amount is taken into use immediately and in full, and repaid within one year in twelve equal payments made after equal intervals of time.