Is APR the same as the advertised interest rate?

Not necessarily.

Steps

1. APR attempts to represent a more comprehensive annual cost based on the calculation method, while the advertised price may be for a single item.

2. Request the total payments, fees, and payment schedule.

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 — Know Your Rights