Immolytics
Financing

Annual percentage rate (APR)

Indicator including all credit costs (interest, fees, insurance) in a single rate.

Full definition

The APR is the reference indicator for comparing the total cost of mortgages. It includes the nominal interest rate, processing fees, mandatory insurance, and ancillary costs. In Belgium, banks are legally required to communicate the APR before contract signature.

Related terms

Mortgage loan

Bank loan secured by a mortgage on the property.

Usury rate

Maximum legal rate beyond which a lender cannot grant a loan.

Outstanding balance insurance

Life insurance linked to the mortgage that repays the balance upon the borrower's death.

Useful links

Property pricesNotary feesEstimation

FAQ

Indicator including all credit costs (interest, fees, insurance) in a single rate.