Mortage and Financing
Mortage and Financing
What is the TANB( NGAR)?
The Nominal Gross Annual Rate (TANB) is the gross interest rate for the period of one year, no discounting taxes on investments.
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What is the TANL( ANN)?
The annual nominal net (TANL) is the gross interest rate for the period of one year, discounting the taxes on financial applications..A withholding taxes under tax is effected by ar financial institution.
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What tax should be used in order to compare the cost of a loan?
The TAE - Annual Percentage Rate because it already takes into account the charges associated with the loan application, as well as the interest, the costs and insurance commissions.
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What is the rate that banks and financial institutions use to publicize their products housing loan?
The TAE (APR) is the rate that institutions use to advertise their products according to the law in force (Decree-Law n. 220/94).