{
  "url": "https://openlegislation.uk/eu-directive-2008-48/annex-II/division-3",
  "json_url": "https://openlegislation.uk/eu-directive-2008-48/annex-II/division-3.json",
  "legislation": "eudr/2008/48",
  "legislation_title": "Directive 2008/48/EC Of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC",
  "legislation_url": "https://openlegislation.uk/eu-directive-2008-48",
  "path": "annex/II/division/3",
  "kind": "division",
  "number": "3",
  "heading": "Costs of the credit",
  "text": "The borrowing rate or, if applicable, different borrowing rates which apply to the credit agreement\n[ %\nfixed, or\nvariable (with the index or reference rate applicable to the initial borrowing rate),\nperiods]\nAnnual Percentage Rate of Charge (APR)\nThis is the total cost expressed as an annual percentage of the total amount of credit .\nThe APR is there to help you compare different offers .\n[ % A representative example mentioning all the assumptions used for calculating the rate to be set out here]\nIs it compulsory, in order to obtain the credit or to obtain it on the terms and conditions marketed, to take out\n—\nan insurance policy securing the credit, or\nYes/no [if yes, specify the kind of insurance]\n—\nanother ancillary service contract?\nYes/no [if yes, specify the kind of ancillary service]\nIf the costs of these services are not known by the creditor they are not included in the APR.\nRelated costs\nIf applicable\nMaintaining one or more accounts is required for recording both payment transactions and drawdowns\nIf applicable\nAmount of costs for using a specific means of payment (e.g. a credit card)\nIf applicable\nAny other costs deriving from the credit agreement\nIf applicable\nConditions under which the abovementioned costs related to the credit agreement can be changed\nIf applicable\nObligation to pay notarial fees\nCosts in the case of late payments\nYou will be charged [… (applicable interest rate and arrangements for its adjustment and, where applicable, default charges)] for late payments.\nMissing payments could have severe consequences for you (e.g. forced sale) and make obtaining credit more difficult.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "X",
      "label": "X1",
      "text": "Substituted by Corrigendum to Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC (Official Journal of the European Union L 133 of 22 May 2008)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2008/48/annex/II/division/3",
    "retrieved_at": "2026-11-01T15:22:21.482265+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}