For the loan amount of EUR 10,000.00 and a repayment period of 84 months, an approval fee of 0.50%, included administrative costs (two bills of exchange: € 4.00 and a fee for access to the CBCG credit register: € 3.00) and the life insurance policy cost in the amount of €200.00, the nominal interest rate (NIR) is 6.95% while the effective interest rate (EIR) is 7.79%. The sum of the total loan amount and the total amount of known loan costs is EUR 12,871.64 and the monthly installment is EUR 149.65.