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Enabling consumers to make informed decisions regarding loan applications:
CBCS LAUNCHES APR CALCULATOR
The Centrale Bank van Curaçao en Sint Maarten (CBCS) recently introduced an APR Calculator on its website. This APR-tool calculates the true cost of loans, helping consumers become aware of all the costs involved when taking out a loan. This tool allows users to calculate the APR of a loan offer by entering information such as the loan amount, the repayment amount, frequency, and up-front charges if applicable. It helps consumers compare loan offers and easily identify the most economical option.