The annual percentage rate of charge: a simplification tool?

Le taux annuel effectif global: outil de simplification ?

Caroline Marie-Jeanne ()
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Caroline Marie-Jeanne: GRANEM - Groupe de Recherche Angevin en Economie et Management - UA - Université d'Angers - AGROCAMPUS OUEST - Institut National de l'Horticulture et du Paysage

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Abstract: With the lowering of the usury thresholds for bank loans on April 1, 2021, the Annual Percentage Rate (APR) is back in the spotlight. This rate must be specified for any credit to individuals and must be calculated according to the methods provided for by law in the Consumer Code. By its character of meter-standard of the real cost of a credit, the global rate allows to compare the offers of loan and to verify that the legal maximum is not exceeded. After half a century of legal changes, two rate indicators coexist, calculated according to two different mathematical methods. Has the initial objective of simplification been achieved?

Keywords: APR; annual percentage rate; usury; TAEG; taux annuel effectif global; usure (search for similar items in EconPapers)
Date: 2021-06-28
New Economics Papers: this item is included in nep-mac
Note: View the original document on HAL open archive server: https://hal.science/hal-03289562
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Published in Option Finance, 2021, 1613, pp.56-58

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