APR
APR (annual percentage rate of charge; Danish: ÅOP, årlige omkostninger i procent) combines a loan's interest, fees and commissions into one annual percentage so that prices can be compared.
Last updated 13 October 2026
Danish: ÅOP
In Denmark the APR is called ÅOP, short for årlige omkostninger i procent (annual costs as a percentage). According to Lex, it sums up in a single figure all of a loan’s interest costs, fees and commissions. Arrangement fees, ongoing fees and default interest are included in the APR, but not in the debit interest rate.
The APR can be used to compare loan prices. Forbrug.dk (the Danish consumer information site) points out, however, that the figure is mainly suitable for comparing loans with the same loan amount and term. Also look at the total amount you have to repay, including interest and fees.
Special limits apply to consumer loans. According to the Consumer Ombudsman, a loan may not be granted if the APR is above 35 per cent, and the total costs may not exceed 100 per cent of the total credit amount. Businesses may not market credit agreements to consumers if the APR is 25 per cent or more. Forbrug.dk states that the cost ceiling does not apply to loans granted as overdraft facilities (kassekreditter). The Consumer Ombudsman’s page covers loans to consumers, so business loans are not addressed.
What to check: whether the stated APR actually includes all fees, whether the loan amount and term match your needs, and what the total repayments will be in kroner. Ask the bank if anything in the price list is unclear.
See also
Related guides
- Consumer loans in Denmark: APR, loan term and the 35% cap
- Hidden bank fees: how to spot them in your own bank
- How to read a bank’s price list
Sources
- Forbrug.dk - Consumer loans (in Danish)
- Consumer Ombudsman - Credit cost ceiling (APR ceiling etc.) (in Danish)
- Lex - annual percentage rate of charge (in Danish)
Checked against the sources on 12 October 2026.