Applied or Nominal Interest Rate

Applied or nominal interest rate is the rate of interest which the lender uses to calculate the amount you actually owe them. It will not be the same as the APR as it does not include all charges. Hence it will be lower.

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We present information which we obtain from independent sources and do not give financial advice. You should check rates and terms with the product provider. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.