AER or Annual Equivalent Rate is the price that the bank charges us for lending us money or that we receive for depositing it, including expenses and commissions. That is to say, it is the TIN plus the commissions or expenses and it is more indicated than the latter to see the profitability of an investment and to compare loans.
Related terms
Deposit | Mortgage | Mixed interest rate mortgage | Variable interest rate mortgage | Foreign currency mortgage | Reverse Mortgage | Subprime Mortgage | Inflation | Interest | CPI | Loan | NIR | Interest rate | Fixed interest rate | Variable interest rate