What is an interest rate?

When you borrow money, you are charged an interest rate. With Oodle this rate can vary depending on your credit profile. 

 

Usually expressed as an annual percentage of the outstanding amount, your monthly repayments with Oodle incorporate this interest and is agreed upfront in your contract. 

 

If you wish to sell your car, you’ll need to settle any outstanding final payment, which then removes any future interest.

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