glossario

TAN Annual nominal interest rate (in Italian TAN - Tasso Annuo Nominale)

The annual nominal interest rate (in Italian TAN - Tasso Annuo Nominale) indicates the 'pure' interest rate on a loan given as an annual percentage rate. It is 'pure' in the sense that it does not include fees or expenses and therefore does not reflect the overall cost of the loan, unlike the APR. Therefore, a loan with a TAN of 0 per cent could have an APR that is much higher than zero.