This metric helps to express the cost of credit more broadly than the nominal rate as defined by the product. Key points Use it with the total payment and fees. Check its components with your bank. The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting. Source Central Bank of Egypt — Central Credit Registry

Editor-in-Chief Mohamed Salah

What is APR?

Asked by Banky team 2 months ago

Banky team Reviewed editorial answer

This metric helps to express the cost of credit more broadly than the nominal rate as defined by the product.

Key points

Use it with the total payment and fees.
Check its components with your bank.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

Source

Central Bank of Egypt — Central Credit Registry

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