TAEG (Annual Percentage Rate) is the total cost of the Loan, paid by the consumer, expressed as an annual percentage of the granted loan's amount. When calculating the TAEG, expenses of collection of refunds and interest payment are included,as well as the remaing charges to bear (taxes, fees and mandatory insurances).
TAEG can be used to compare Loan proposals. For Loan proposals with the same amount, term, and refund modality, the proposal with the lowest TAEG is the cheapest for the Client. It includes interest + fees + expense+ taxes + insurances.
MTIC (total amount charged to the consumer) its the sum of the total amount of the Loan with the associated costs (interest, fees, taxes and other charges).
Take note that for Loans the tax is variable, MTIC is merely indicative as the interes rate of these Loans can vary with time, according to the fluctuation of the indexed used. (EURIBOR).
You can request the Loan, anywhere at any time, through our App (up to €15.000). For amounts from €15.001 to €30.000, the request will have to be done at an ActivoBank Branch or through our Support Line.
Yes, the Stamp Duty is applied to the Loan opening, over the interest and associated fees (for example, the Loan Opening Fee).
The TAN (Nominal Rate) is the interest rate expressed as a fixed or variable percentage, applied to the used Credit amount on an anual basis.