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What is the difference between the Interest Rate & the APR Rate?

The Interest Rate is the actual rate at which interest is charged on the amount you are borrowing.

APR stands for the Annual Percentage Rate, which is the total cost of your mortgage over its full term. The APR considers both the interest rate being charged and all other obligatory fees due for the duration of the loan.


We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.