The Annual Percentage Rate of Charge (APRC) is the annual percentage rate for your Home Loan, which takes into account the total cost of the Home Loan. This includes the total debit interest to be paid on the Home Loan for the entire duration of the loan including all applicable charges and fees payable to the Bank which are known at the time of the granting of the Home Loan. The calculation of the APRC assumes that the debit interest rate would remain the same during the entire duration of the loan and that the borrower will pay the loan in line with the credit agreement.
Further information and a tool to calculate the APRC can be found here.
https://ec.europa.eu/info/publications/annual-percentage-rate-charge-calculator_en
