The annual variable interest rate on loans is expressed as a percentage and is composed of:

➤⠀reference index IRCC / ROBOR / EURIBOR / LIBOR;

➤⠀and the bank's fixed margin. 

Both add up to the annual variable interest rate on loans. 😉

❗⠀If you're thinking of taking a credit:

➤⠀you can calculate your monthly instalments online in the BT credit simulator;

➤⠀and then find out over the phone if you qualify for the desired amount. 😃