Typical example of the annual percentage rate

Annual rate of charge is 21.21% on the following sample terms and conditions: loan amount 1500 €, annual interest rate of 18% on the on the outstanding balance, repayment period of 4 years, with 48 monthly payments, contract fee 30 €, the monthly payment is 44.36€ with the total cost of credit 655.14€,   total amount of repayments  2125.14€,  total amount of credit  of 2155.14€.

Consumer loan is provided by AS Citadele banka Estonian branch.