Pay attention! Borrowing money, costs money


Debit interest rate

The debit interest rate is the interest rate that is calculated on an annual basis. The interest rate can be fixed or variable:

  • With a fixed debit interest rate, the interest rate remains the same for the entire term or part of the term.
  • With a variable interest rate, the interest rate can increase or decrease during the term. The interest rate for a variable borrowing rate usually depends on a particular index or reference rate.

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