L lysa Cork Registered User Messages 20 8 Jul 2007 #1 Hi Could someone clarify the differences between the interest rate and the APR given by the banks ? I have just taken out a loan they have quoted me a rate of 7.1% not sure if its fixed or variable but the have quoted another rate APR ? Confused ....
Hi Could someone clarify the differences between the interest rate and the APR given by the banks ? I have just taken out a loan they have quoted me a rate of 7.1% not sure if its fixed or variable but the have quoted another rate APR ? Confused ....
C ClubMan Registered User Messages 53,008 8 Jul 2007 #2 Do a search for the term "APR" for lots of discussion on this issue.