The initial APR of the credit is 6.20% under the following sample conditions: Value of asset incl. VAT: €24,000, Downpayment: 10%, Contract period: 5 years, Number of repayments: 60, Contract fee: €200, Interest rate: 6 months’ Euribor + margin of 2.88% per annum (as at 12 November 2024 the 6-month Euribor rate was 2.822%, but if Euribor is negative the rate is considered 0 and Euribor may change every six months), Leasing amount: €21,600, Residual cost: 20% of acquisition cost, Total amount of credit: €25,683.17, Total amount repayable: €28,083.17

This rate was calculated on the basis of the main part of the loan and interest being repaid as monthly annuity payments. The sample conditions do not take into account the potential registration costs of the asset, state fees, valuation fees or the amount of annual motor and comprehensive insurance payments. Both motor and comprehensive insurance must be taken out when leasing a vehicle. Car leasing is offered by Coop Liising AS.

The annual percentage rate of charge on a small loan is 10,68% on the following sample terms: loan amount €5000, loan term in months 72, number of repayments 72, fixed interest rate per annum 8,9% as calculated on the loan balance, agreement fee €100, monthly administration fee €1,50, monthly instalment €91,25, total credit amount €6570,34 and total of repayments €6670,34. Small loans are provided by Coop Pank AS.