The initial annual percentage rate is 3,71% on the following sample: The amount of credit of EUR 70 000, the duration of the loan to 30 years, floating interest rate of 3,5% per year (six-month Euribor * + margin of 3,5%), contract fee of 840 euros. Housing loan agreement is secured by a mortgage. Real estate must be insured, the insurance premium depends on the size of the housing and the insurer. Collateral and insurance costs are not taken into account in the annual percentage rate.
* The negative Euribor value is considered equal to zero.