More about the table for spread payments (Gespreid Betalen) with a credit card

Q: More about the table for spread payments (Gespreid Betalen) with a credit card

Variable debit interest The yearly rate of interest that you pay for your line of credit. Because this interest rate is variable, it may fluctuate during the period that you use your credit. Annual percentage rate This percentage refers to the interest plus any additional costs that you pay for a current account (Betaalrekening) and debit card (Betaalpas) on a yearly basis. The additional costs of your credit in this case are the fees for your payment package. Our calculation of these rates is based on the following situation: The total amount of credit is used immediately all at once and paid back in 12 equal monthly instalments. No extra payments are made and no additional credit is used during that period. The debit interest on the line of credit remains the same for the duration of the contract. You have a payment package. The cost of the package remains the same for the duration of the contract

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Variable debit interest
The yearly rate of interest that you pay for your line of credit. Because this interest rate is variable, it may fluctuate during the period that you use your credit.
Annual percentage rate
This percentage refers to the interest plus any additional costs that you pay for a current account (Betaalrekening) and debit card (Betaalpas) on a yearly basis. The additional costs of your credit in this case are the fees for your payment package.

Our calculation of these rates is based on the following situation:

The total amount of credit is used immediately all at once and paid back in 12 equal monthly instalments.
No extra payments are made and no additional credit is used during that period.
The debit interest on the line of credit remains the same for the duration of the contract.
You have a payment package.
The cost of the package remains the same for the duration of the contract