TIN and TAE in Spanish: Compare Loan Costs | B2
Read a B2 Spanish guide to TIN, TAE and CER, and learn which figures help compare the cost of a loan.
TIN y TAE: dos cifras para comparar un préstamo
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About this article
What you'll learn
loan vocabulary, TIN, TAE, CER, fees, comparing offers, financial reading
This reading explains the difference between TIN and TAE, why fees can change the effective cost of credit, when CER is relevant and how the Bank of Spain loan simulator works.
After reading
Article learning block
Phrases, words, grammar, and quick practice from this text.
Phrases for training
Add useful phrases to SRS or mark them as already known.
varias cifras
newvarious figures
Cifras means numerical figures or amounts shown in an offer.
Useful when a document presents several rates or costs.
leer una oferta con más cuidado
newto read an offer more carefully
Con más cuidado means with greater attention or care.
Useful for discussing careful review of a contract or advertisement.
el precio que una entidad cobra por prestar dinero
newthe price an institution charges for lending money
The relative clause que una entidad cobra describes el precio.
Useful for explaining an interest rate in plain language.
los gastos ni las comisiones
newthe expenses or fees
With no, the paired ni...ni joins two excluded elements.
Useful for recognising which costs a figure does not include.
se expresa como un porcentaje anual
newis expressed as an annual percentage
Se expresa is a reflexive passive that focuses on how the figure is presented.
Useful for describing rates, results and measurements.
coste efectivo
neweffective cost
It refers to the cost after the relevant charges are taken into account.
Useful for distinguishing an advertised rate from the broader cost.
un TIN del 0 %
newa TIN of 0%
Del combines de and el before the percentage figure.
Useful for reading promotional credit language.
Antes de contratar un préstamo
newbefore taking out a loan
Antes de plus infinitive marks an action that happens earlier.
Useful for organising advice or instructions in time.
pagos pendientes hasta el vencimiento
newpayments pending until maturity
Hasta marks the endpoint, here the loan maturity date.
Useful for discussing what remains to be paid.
ofertas vinculantes
newbinding offers
Vinculantes means that the offers create a commitment under their stated terms.
Useful formal vocabulary in banking and contract documents.
Key words
Vocabulary that carries the school-day topic.
Nominal interest rate
tipo de interés nominal
nominal interest rate
This is the full Spanish name behind the abbreviation TIN.
Essential vocabulary for reading Spanish loan offers.
Annual percentage rate
tasa anual equivalente
annual percentage rate
This is the Spanish expansion of the abbreviation TAE.
Essential vocabulary for comparing loan costs in Spain.
Compound interest
interés compuesto
compound interest
Interest is calculated on a base that includes previously accumulated interest.
Useful financial vocabulary for rates, savings and credit.
Remaining effective cost
coste efectivo remanente
remaining effective cost
This is the full term represented by the abbreviation CER.
Useful when comparing an existing loan with another offer.
Simulator
simulador
simulator
A simulator calculates a result from the data and assumptions entered.
Useful for talking about online financial tools.
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