Periodic interest rate

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Periodic interest rate. The periodic interest rate, sometimes called the nominal rate, is the interest rate a lender charges on the amount you borrow.

Lenders are also required to tell you what a loan will actually cost per year, expressed as an annual percentage rate (APR).

The APR combines any fees the lender may charge with a year of interest charges to give you the true annual interest rate. That allows you to compare loans on equal terms.

For example, suppose you take a $10,000 loan at 10% interest. You pay an origination fee of $350, so you actually borrow $9,650. Since you are getting a smaller loan, but repaying the full $10,000 with interest, the APR is closer to 10.35%.

The periodic rate is also the interest rate a bank or other financial institution pays on amounts you deposit. If you're earning compound interest, the periodic rate will be lower than the annual percentage yield (APY).

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No references found			An automated upload of FX rates and periodic interest rates, as well as a market indices update, is additionally available. FT Interactive Data Announces Alliance with Temenos; Customers ... by Business Wire			Performance Equity-Linked Redemption Quarterly-Pay SecuritiesSM Performance Evaluation Performance Fee Performance Fund Performance Index Performance Index Paper Performance Indexed Reward Performance Measurement Performance shares Performance Stock performing loan performing nonperforming loan Perimento Period de gracia Period of Call Protection Period of Digestion period of redemption Period-Certain Annuity Periode d'amortissement Periode de grace Periode de recouvrement Periode de remboursement Periodic Call Auction periodic cash flow periodic estate Periodic interest rate Periodic Payment Plan Periodic Payments Periodic Purchase Deferred Contract Periodic Rate periodic tenancy Periodo bese Periodo de base Periodo de espera Periodo de gracia Periodo de tenencia Periodo di tregua salariale Periodo entre balancos Perjury perk test perks PERLS Permanent and Total Disability Permanent Assets Permanent Buydown Permanent Current Assets Permanent Financing Permanent Insurance permanent lender permanent mortgage Permanent Normal Trading Relations			periodic event Periodic Event Scheduling Problem Periodic Examination and Health Promotion Center periodic fever periodic fever periodic fever periodic fever Periodic fever syndrome Periodic fever syndromes Periodic Fever, Aphthous Stomatitis, Pharyngitis, and Adenopathy periodic field focusing Periodic Financing Request Facility Periodic Finite-Type Periodic function Periodic function Periodic function Periodic functions Periodic functions Periodic Green's Function Periodic group Periodic Health Assessment Periodic Health Examination periodic hyperinflation Periodic Inspection Periodic Inspection Report Periodic Intelligence Periodic Intelligence Report Periodic Intelligence Review periodic intelligence summary periodic intelligence summary Periodic interest rate Periodic Interim Payment Periodic Interrupt Status and Control Register Periodic Interrupt Timer Periodic Inverse Scattering Transform Periodic Jitter periodic kiln periodic lateralized epileptiform discharge periodic lateralized epileptiform discharge periodic lateralized epileptiform discharge periodic lateralized epileptiform discharge periodic lateralized epileptiform discharge periodic lattice periodic law periodic law periodic law Periodic Leg Movements while Awake Periodic limb movement Periodic limb movement Periodic limb movement disorder Periodic limb movement disorder Periodic Limb Movement Disorder and Restless Legs Syndrome Periodic Limb Movement Index Periodic Limb Movement While Waking Periodic Limb Movements in Sleep Periodic Limb Movements in Sleep periodic line Periodic Loaded Rectangular Waveguide Periodic Location Area Update Periodic Macroscopic Quantum Tunneling Periodic Maintenance

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