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Loan for home energy efficiency
- Credit amount from Eur 4 000 to Eur 40 000
- Interest rate from 4.9 %
- Repayment term from 1 to 7 years
- Agreement fee – 1.5 % of credit amount (min. Eur 50)
Typical example for calculating annual percentage rate of charge (APRC)
If you are a granted a consumer loan of EUR 5,000 for a period of 5 years, the total amount to be paid to the bank would amount to EUR 6,471.60. Your monthly payment would be EUR 106.61. The total cost of borrowing, calculated on an annual basis (APRC) would be 11,22 %. The APRC shows the total cost of the loan and includes the following expenses:
- 10% fixed interest rate per year ;
- EUR 15 contract fee;
- minimal fee for the main bank services EUR 1 per month.
We have calculated APRC and the total amount based on the following assumptions:
- the loan is paid out on the agreement signing date
- interest rate and fees stay the same during the entire loan period
- you meet all the terms of the loan agreement on time
The APRC is shown to help you easily compare different loan offers.
