borrowing rate
as defined in Directive (EU) 2023/2225 of the European Parliament and of the Council of…, Article 3, point (8) (Definitions)
the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down
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Also defined in
- Directive 2014/17/EU of the European Parliament and of the Council of 4 February 2014 on credit agreements for… 32014L0017, Article 4, point (16)
the borrowing rate as defined in point (j) of Article 3 of Directive 2008/48/EC. - Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers… 32008L0048, Article 3, point (j)
the interest rate expressed as a fixed or variable percentage applied on an annual basis to the amount of credit drawn down