Note-Overall Annual Percentage Rate (APR) Example

The Overall APR would be 15.89% for full disbursement of a total credit amount of €10,000, 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 and a variable interest rate, which would be the sum of the Base Consumer Loan Rate, currently at 10.50%, plus a 3.75% spread (plus the Law 128/1975 levy, currently at 0.60%).