Borrowing rate

Defined in 2 EU acts of the Consumer protection group: CCD2 First MCD Reference

CCD2, Article 3(8) First adopted 2023-10-18

the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down

MCD, Article 4(16) Reference adopted 2014-02-04

Refers to 32008L0048, Article 3(j) (not in this group).

the borrowing rate as defined in point (j) of Article 3 of Directive 2008/48/EC