Typically used in Development Finance, it is used to calculate the actual Interest Rate paid on the Loan balance drawn when there is more than one Lender and they are charging different Interest Rates. As Development Loans are drawn on a Stage Release Payment basis and the loan interest is only charged on what is drawn, it is extremely difficult to calculate the actual interest rate paid over the course of the loan, if there are Senior and Mezzanine Lenders both making loans. The EAIR is something we have created ourselves to offer clarity to Borrowers on their true Loan Costs.