FinancingAlso: Tasa Anual Equivalente, Annual percentage rate (APR)

TAE

The all-in annual rate of a loan, including interest and compulsory fees.

The TAE, the Spanish equivalent of the APR, expresses the true annual cost of a loan by including the interest rate and the compulsory fees, such as commissions and certain linked products. It allows two credit offers to be compared objectively.

A TAE much higher than an attractive headline rate often reveals significant additional charges.

For the seller

The TAE mainly concerns the buyer who borrows; financing with a well-controlled cost makes their offer stronger and more reliable for you.