financial

TIN and TAE : What should I know?

TIN and TAE : What should I know?

If you are looking for a mortgage or personal loan, surely TIN and APR will be two concepts that appear frequently in different bank offers, but what is the difference between the two terms? Which of them offers you clearer and more accurate information to make a decision? We tell you all its particularities. TIN or APR What to look for? The first thing we should know is that both are official concepts introduced by the Bank of Spain. The APR is more recent since it emerged in 1990 with the mission of completing the information offered by the TIN. NIR (Nominal…
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