section 1 of the effective interest rate under the consumer credit Act

(2010:1846) shall be calculated in accordance with the mathematical formula

as specified in part I of annex I to the directive of the European Parliament and of

Council Directive 2008/48/EC of 23 april 2008 on the

consumer credit contracts and repealing Council directive

87/102/EC.



section 2 For the calculation of the annual percentage rate of charge shall

the cost of credit. When the cost of credit is determined under

This clause should not be included as such fees shall

be paid by the consumer due to an obligation under the

the credit agreement has not been fulfilled. At the credit purchase will not

Moreover, such fees will be included which would have been levied even

If the good or service had been paid in cash. As part of the

the cost of credit to be considered costs for the management of a

account for the registration of drawn credit and made

payments, charges for using a means of payment

tied to the account, as well as other costs for payments

over the account, unless it is volunteered to open the account and

costs clearly and separately stated in the credit agreement or in

any other agreement concluded with the consumer.

Regulation (2013:767).



§ 3 when calculating the effective interest rate, it is assumed that

credit contract is valid for the period agreed and that the

the Contracting Parties to fulfil their obligations under the terms and

at the times specified in the credit agreement.



If the credit agreement containing clauses allowing variations of

the borrowing rate or fees, which could not be foreseen when the

effective interest rate is calculated, credit rates and fees

is assumed to be fixed and apply until the credit agreement expires.



In addition to the assumptions taken into account specified in part II of

Annex I to Directive 2008/48/EC

of 23 april 2008 on credit agreements for consumers and repealing

Council Directive 87/102/EEC, as amended by Commission

Directive 90/EU. In taking account of the assumptions referred to in

account credit only a credit in the form of an explicit

credit agreement whereby a creditor gives a consumer

access to funds which exceed the current balance in the

the consumer's account. Regulation (2012:615).