CREDIT
Effective interest rate explained
Why the instalment alone is not enough – and which figure makes offers comparable.
APR condenses interest and certain credit costs into one figure. It makes offers readable – it does not replace a decision.
Two loans with the same instalment can cost differently if fees or calculation methods diverge. APR makes that gap visible.
Rates shown on ORVEXA are examples. A binding APR exists only in the provider's documents.
Read APR together with duration and total cost. A lower instalment over a longer term can cost more.
All figures are examples. ORVEXA does not lend and does not promise financing.