This simulation is an example of the potential advantages in use your financial assets in Best Bank for a collateral credit (assuming the use of the assets indicated as guarantee for the credit). The simulation considers a term of 365 days, renewable, and a nominal fixed annual rate (TAN), of 5.00% (for credit up to €75,000, inclusive), plus the respective commissions and associated taxation, as described in the price list.
For credit plus than €75,000, you have a variable rate: 12-month Euribor + 1.5% spread, plus the respective commissions and associated taxation, as described in the price list.

Under the terms of number 3 of Instruction no. 13/2013, open-ended contracts and automatic renewal contracts are considered to be contracts of indefinite duration.
For the APR calculation, in the case of a credit agreement of indefinite duration, which is not an overdraft facility, it is assumed that: i) the credit is granted for a period of one year from the date of initial use and that the final payment cover the outstanding principal balance, interest and other charges, if applicable; ii) the capital is reimbursed, in equal monthly payments, starting one month after the date of initial use. Interest and other charges are applied in accordance with credit utilization and the provisions of the credit agreement.
The APR calculation assumed that each year has 12 standard months and that each month has 30 days, that is, the 30/360 convention.

Representative example:
* APR 8.7%, Annual nominal rate of 5.00% for a credit limit of €50,000 and paid over 12 renewable months, including the installation commission in the amount of €375.00 (plus stamp duty), as defined in the price list and associated taxation.

For a specific framework, evaluation of your assets and credit conditions, call +351 218 505 775 (Call to the national fixed network). If you are already our Client, contact your Manager or visit our Investment Centers.