For credit agreements that provide for amortisation in instalments, the overall effective rate must be calculated taking into account the terms and conditions of the amortisation of the debt.
Home | French Legislation Articles | French Consumer Code | New legislative part | Book III: CREDIT | Title I: CREDIT TRANSACTIONS | Chapter IV: Provisions common to consumer credit and home loans | Section 1: Interest rates | Subsection 1: Overall effective rate | Article L314-2 of the French Consumer Code
For credit agreements that provide for amortisation in instalments, the overall effective rate must be calculated taking into account the terms and conditions of the amortisation of the debt.
Pour les contrats de crédit qui prévoient un amortissement échelonné, le taux effectif global doit être calculé en tenant compte des modalités de l’amortissement de la créance.
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is a Registered Trademark of
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75001, Paris France
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