Division 3 Costs of the creditX1
United Kingdom
| The borrowing rate or, if applicable, different borrowing rates which apply to the credit agreement | [ %
|
| Annual Percentage Rate of Charge (APR) This is the total cost expressed as an annual percentage of the total amount of credit . The APR is there to help you compare different offers . | [ % A representative example mentioning all the assumptions used for calculating the rate to be set out here] |
| Is it compulsory, in order to obtain the credit or to obtain it on the terms and conditions marketed, to take out | |
| — an insurance policy securing the credit, or | Yes/no [if yes, specify the kind of insurance] |
| — another ancillary service contract? | Yes/no [if yes, specify the kind of ancillary service] |
| If the costs of these services are not known by the creditor they are not included in the APR. | |
| Related costs | |
|---|---|
| If applicable Maintaining one or more accounts is required for recording both payment transactions and drawdowns | |
| If applicable Amount of costs for using a specific means of payment (e.g. a credit card) | |
| If applicable Any other costs deriving from the credit agreement | |
| If applicable Conditions under which the abovementioned costs related to the credit agreement can be changed | |
| If applicable Obligation to pay notarial fees | |
| Costs in the case of late payments | You will be charged [… (applicable interest rate and arrangements for its adjustment and, where applicable, default charges)] for late payments. |
| Missing payments could have severe consequences for you (e.g. forced sale) and make obtaining credit more difficult. | |