Tin y tae diferencia
Tin y tae diferencia 2022
NIR or APR – that’s the question! Many times, when choosing a product and comparing it with another one, we don’t know what to look for: the APR or the APR? If you have any doubts, we will try to solve them all below.
What is the APR? The TIN of a loan is the nominal interest rate fixed by the bank for the money lent. This percentage will indicate what the bank will receive for lending you that money in the case of a mortgage or a personal loan as debit interest, however in deposits or savings accounts it indicates the percentage that the client will receive in the form of interest for the capital deposited in the entity.
What is the APR? The APR, which is the annual percentage rate of charge, includes, in addition to the nominal interest rate, also costs and commissions, as well as taking into account the term of the operation, which will allow us to compare products of the same nature, i.e. loans with loans or deposits with deposits.
The APR should be calculated on the assumption that the interest rate applicable during the term at a variable rate cannot be lower than the fixed rate agreed for the initial period. Therefore, at the present time, in which the initial fixed rate is usually higher than the result of adding the Euribor to the differential in all mortgages on the market, the variable rate is no longer taken into account for the calculation of the APR.
Tin y tae diferencia en línea
miranda lambert ~ tin man (lyrics)
When you’re offered a financial product you’re always going to see two acronyms: TIN and APR. It is, to explain it in a simple way, what you will have to pay for contracting that product. In the case of deposits, it will be the profitability that you can earn.
The NIR refers to the Nominal Interest Rate. Banks use this index in deposit contracts, deposits, loans, credits and mortgages. And it consists of the interest you pay (or receive) for them. That is to say, it is the fixed percentage that you agree with the bank as payment for the money lent.
Therefore, if you are thinking of subscribing to any of these products and want to make a comparison between different banks, the best thing to do is to look at the APR. Although in that comparison there are some that have a lower TIN, then with the expenses it can be more expensive.
Mortgages are not free from the controversy between these indicators. As you know, banks were passing on to the consumer a series of formalization costs in mortgage loans. The courts have ruled that they should not be applied exclusively to those who take out a mortgage. Therefore, if you signed a mortgage in which the bank forced you to pay all the formalization expenses, you can claim.