Spread : it is expressed as a percentage value and expresses the remuneration for the bank. Added to the market reference rate (Euribor or Euris) determines the rate (TAN) applied to car loans and car loans
TAN (annual rate) : is the interest rate, expressed as a percentage on an annual basis, applied to the amount of funding requested. It is used to calculate, based on the amount financed and the length of the loan, the interest that the debtor must repay.
The TAN does not include any charges related to financing (commissions, fees, etc.).
APR (rate Annual percentage) : is the interest rate, expressed in percentage terms on an annual basis, including all financial charges related to the funding requested (commissions, contract, etc.) except for the express provision of law, the tax expenses and taxes
Floating Rate ECB : it is the benchmark for adjustable-rate mortgages indexed to the rate on main refinancing operations of the European Central Bank
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