Overall APR example for Piraeus winlife Visa

Interest rate for purchases

15.95% + 0.6%

The overall Annual Percentage Rate (APR) is calculated based on the provisions of Joint Ministerial Decision Z1-699/2010 of the Ministers of Finance, Economy, Competitiveness and Shipping, and Justice, Transparency and Human Rights (Government Gazette 917/23.6.2010, Vol. B) and the following assumptions. The APR comes to 22.51%.

NOMINAL INTEREST RATE: 15.95% + 0.6% Levy (Law 128/1975) adjusted based on the changes of the Euribor 1M rate. In addition to these changes, the interest rate will also be adjusted by +0.5%, plus €30 annual fee, €1500 purchase on 01/01/2013, issue of 1st statement on 31/01/2013, 12 instalments.

1st instalment 20/2/2013 €175.69, 2nd instalment 20/3/2013 €143.96, 3rd instalment 20/4/2013 €142.24, 4th instalment 20/5/2013 €140.52, 5th instalment 20/6/2013 €138.79, 6th instalment 20/7/2013 €137.07, 7th instalment 20/8/2013 €135.34, 8th instalment 20/9/2013 €133.62, 9th instalment 20/10/2013 €131.90, 10th instalment 20/11/2013 €130.17, 11th instalment 20/12/2013 €128.45, 12th instalment 20/1/2014 €126.72. Total €1,664.47. Note that the APR and the total repayment amount above are given purely as an example. They are valid only if the above mentioned assumptions occur.

Cash advance interest rate

19.40% + 0.6%

The overall Annual Percentage Rate (APR) is calculated based on the provisions of Joint Ministerial Decision Z1-699/2010 of the Ministers of Finance, Economy, Competitiveness and Shipping, and Justice, Transparency and Human Rights (Government Gazette 917/23.6.2010, Vol. B) and the following assumptions. The APR comes to 26.78%.

NOMINAL INTEREST RATE: 19.40% + 0.6% Levy (Law 128/1975) adjusted based on the changes of the Euribor 1M rate. In addition to these changes, the interest rate will also be adjusted by +0.5%, plus €30 annual fee, €1500 cash advance on 01/01/2013, issue of 1st statement on 31/01/2013, 12 instalments.

1st instalment 20/2/2013 €180.00, 2nd instalment 20/3/2013 €147.92, 3rd instalment 20/4/2013 €145.83, 4th instalment 20/5/2013 €143.75, 5th instalment 20/6/2013 €141.67, 6th instalment 20/7/2013 €139.58, 7th instalment 20/8/2013 €137.50, 8th instalment 20/9/2013 €135.42, 9th instalment 20/10/2013 €133.33, 10th instalment 20/11/2013 €131.25, 11th instalment 20/12/2013 €129.17, 12th instalment 20/1/2014 €127.08. Total €1,692.50. Note that the APR and the total repayment amount above are given purely as an example. They are valid only if the above mentioned assumptions occur.

Balance transfer

9.00% + 0.6%

The overall Annual Percentage Rate (APR) is calculated based on the provisions of Joint Ministerial Decision Z1-699/2010 of the Ministers of Finance, Economy, Competitiveness and Shipping, and Justice, Transparency and Human Rights (Government Gazette 917/23.6.2010, Vol. B) and the following assumptions. The APR comes to 14.30%

NOMINAL INTEREST RATE: 9.00% + 0.6% Levy (Law 128/1975) adjusted based on the changes of the Euribor 1M rate. In addition to these changes, the interest rate will also be adjusted by +0.5%, plus €30 annual fee, €1500 purchase on 01/01/2013, issue of 1st statement on 31/01/2013, 12 instalments.

1st instalment 20/2/2013 €167.00, 2nd instalment 20/3/2013 €136.00, 3rd instalment 20/4/2013 €135.00, 4th instalment 20/5/2013 €134.00, 5th instalment 20/6/2013 €133.00, 6th instalment 20/7/2013 €132.00, 7th instalment 20/8/2013 €131.00, 8th instalment 20/9/2013 €130.00, 9th instalment 20/10/2013 €129.00, 10th instalment 20/11/2013 €128.00, 11th instalment 20/12/2013 €127.00, 12th instalment 20/1/2014 €126.00. Total €1.608.00. Note that the APR and the total repayment amount above are given purely as an example. They are valid only if the above mentioned assumptions occur.