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What is the difference between the APR rate and the note interest rate?

April 26, 2017Apr difference Interest rate note rate

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What is the difference between the APR rate and the note interest rate?

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” regarding APR, which is quite often mistaken as your interest rate. This will come on your truth in lending (TIL) disclosure and quite often the APR is higher than the actual not rate or the actual quoted interest rate. There are two (2) rates on the truth in lending disclosure which is also known as the TIL pronounced “till.