Note-Overall Annual Percentage Rate (APR) Example

The Overall APR would be 18.76% for full disbursement of a total credit amount of €6,000, with repayment in 12 equal, uninterrupted, monthly instalments that repay interest and capital, with the first instalment to be paid one month after the full disbursement of the loan, €0 loan approval fees, €60 annual fee and a variable interest rate, which would be the sum of the Base Consumer Loan Rate, currently at 10.50%, plus a 4.25% spread (plus the Law 128/1975 levy, currently at 0.60%).