Day: August 21, 2019

Nominal and annual percentage rate – what is the difference? – Cheap loans in the credit comparisonNominal and annual percentage rate – what is the difference? – Cheap loans in the credit comparison

Banks often use the terminology of nominal and APR to their clients. As a borrower or as an investor in money capital, however, one should know the main differences between the two terms. The nominal annual interest The nominal annual interest rate, often referred to as the nominal interest rate, is the interest rate that […]