# 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, Division 3: Costs of the credit

Extent: E+W+S+N.I.

Not applicable to European Consumer Credit Information for overdrafts in those Member States which decide on the basis of Article 6(2) of Directive 2008/48/EC that the APR need not be provided for overdrafts.
The borrowing rate or, if applicable, different borrowing rates which apply to the credit agreement
[ %
fixed or,
variable (with the index or reference rate applicable to the initial borrowing rate)],
If applicable
The annual percentage rate of charge (APR)
This is the total cost of credit 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]
If applicable
Costs
If applicable
The conditions under which those costs may be changed
[The costs applicable from the time the credit agreement is concluded]
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.

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Source: https://www.legislation.gov.uk/eudr/2008/48/annex/III/division/3 (the official version)
Page: https://openlegislation.uk/eu-directive-2008-48/annex-III/division-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.