Overall APR example for Piraeus Champions Card Mastercard®
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% + 0.60% 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 01/01/2012, issue of 1st account on 31/01/2012, 12 instalments.
1st instalment 20/2/2012 € 175,69, 2nd instalment 20/3/2012 € 143,96, 3rd instalment 20/4/2012 € 142,24, 4th instalment 20/5/2012 € 140,52, 5th instalment 20/6/2012 € 138,79, 6th instalment 20/7/2012 € 137,07, 7th instalment 20/8/2012 € 135,34, 8th instalment 20/9/2012 € 133,62, 9th instalment 20/10/2012 € 131,90, 10th instalment 20/11/2012 € 130,17, 11th instalment 20/12/2012 € 128,45, 12th instalment 20/1/2013 € 126,72. Total € 1.664,47. Note that the APR and the total repayment amount above are given purely as an example. They arise only if the data mentioned above exist.
Cash advance interest rate
19,15% + 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 26,46%
NOMINAL INTEREST RATE: 19.15% + 0.60% 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 01/01/2012, issue of 1st account on 31/01/2012, 12 instalments.
1st instalment 20/2/2012 € 179,69, 2nd instalment 20/3/2012 € 147,63, 3rd instalment 20/4/2012 € 145,57, 4th instalment 20/5/2012 € 143,52, 5th instalment 20/6/2012 € 141,46, 6th instalment 20/7/2012 € 139,40, 7th instalment 20/8/2012 € 137,34, 8th instalment 20/9/2012 € 135,29, 9th instalment 20/10/2012 € 133,23, 10th instalment 20/11/2012 € 131,17, 11th instalment 20/12/2012 € 129,11, 12th instalment 20/1/2013 € 127,06. Total € 1.690,47. Note that the APR and the total repayment amount above are given purely as an example. They arise only if the data mentioned above exist.
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 14,19%
NOMINAL INTEREST RATE: 9.00% + 0.60% 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 01/01/2012, issue of 1st account on 31/01/2012, 12 instalments.
1st instalment 20/2/2012 € 167,00, 2nd instalment 20/3/2012 € 136,00, 3rd instalment 20/4/2012 € 135,00, 4th instalment 20/5/2012 € 134,00, 5th instalment 20/6/2012 € 133,00, 6th instalment 20/7/2012 € 132,00, 7th instalment 20/8/2012 € 131,00, 8th instalment 20/9/2012 € 130,00, 9th instalment 20/10/2012 € 129,00, 10th instalment 20/11/2012 € 128,00, 11th instalment 20/12/2012 € 127,00, 12th instalment 20/1/2013 € 126,00. Total € 1.608,00. Note that the APR and the total repayment amount above are given purely as an example. They arise only if the data mentioned above exist.
