What is the difference between notice speed and you will Annual percentage rate? If the financial determined they safely, here most actually much differences. However for consumers not familiar with the term annual percentage rate otherwise Apr, it can cause just a bit of distress. And you will regrettably, of several loan officers commonly extremely clear on the differences if you don’t in a position to define exactly how Annual percentage rate work, the goals, and exactly why it’s distinct from this new notice speed.