Annualized Global Effective Rate (APR)

Formerly the Global Effective Rate, the Annualized Global Effective Rate is the benchmark for calculating the cost of a loan. The APR is expressed in% is more precise than the TEG because it corresponds to the rate over 12 months, which greatly facilitates the calculation of the rate of a loan.

You will find the APR indicated on each credit offer or credit contract.

For consumer credit, the old name was TEG.