fixed borrowing rate

Defined in Article 3, Consumer Credit Directive

Definitions over time (1)

1. 21/06/2008 – today applies on 12/11/2026 Article 3, Consumer Credit Directive Scope: Whole act

   For the purposes of this Directive, the following definitions shall apply:

   ‘fixed borrowing rate’ means that the creditor and the consumer agree in the credit agreement on one borrowing rate for the entire duration of the credit agreement or on several borrowing rates for partial periods using exclusively a fixed specific percentage. If not all borrowing rates are determined in the credit agreement, the borrowing rate shall be deemed to be fixed only for the partial periods for which the borrowing rates are determined exclusively by a fixed specific percentage agreed on the conclusion of the credit agreement;

Used in (4 places in 3 provisions on 12/11/2026)

Consumer Credit Directive (4 in 3)

Recital 21 · Article 3 · Annex I²