
What are TAN and APR and what is the difference: a simple explanation
Whenever we need to ask for a financing to buy something in installments, TAN and APR indicate the interest rates, i.e. the cost of the loan we are contracting. The TAN (Nominal Annual Rate) is the actual interest cost which must be paid on the sum lent, while the APR (Global Effective Annual Rate) is the total and real cost ...








