• Mon - Sat 9:00 - 17.00
  • 958 St. Laurent Blvd Ottawa, ON K1K 3B3
  • +1 613 240 7866

Can APR be equal to or less than the Interest Rate?


Can APR be equal to or less than the interest rate?
APR cannot be less than the stated interest rate, although APR and the stated interest rate can be equal. APR usually includes additional fees that you’ll pay for the loan and is a more inclusive representation of all of the costs you’ll be borrowing. If there are no additional costs or fees to secure the credit, then your APR and interest rate may be equal.

 — Ask me! Approval Guy


Keon Aghakhani
Mortgage Specialist
Iraj Khani
General Sales Manager
Navish Khanna
Finance Manager
Scott Young
Finance Manager
Tarek Al-Osta
Finance Manager
Jeneva A
Finance Manager
There is no selected car class in current office. Please choose another Class!