# Actual interest rate

- Canonical URL: https://www.gerhardmerk.de/actual-interest-rate
- Post ID: 592655
- Modified: 2023-07-25T20:47:12+00:00
- Language: en

## Definition

In the case of loans, the nominal interest rate taking into account - discounts, - processing fees, - repayment terms, such as repayment amounts, grace periods, repayment dates, repayment settlement dates, - interest payment dates and (infra-annual, in-year spending; during the year) interest settlement dates, as well as - interest day counting and this - in Germany per month 30 days and the year 360 days, in the U.S. and other places usually to the day (dayexact calculation). - The effective interest rate should not be confused with the real interest rate, which is nevertheless often done. - See Actual/Actual, Bank Twelve, Eurozinsmethode, Zinstagezählung. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1