Keyword Analysis & Research: apr


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Frequently Asked Questions

What is APR and how does it actually affect me?

The APR reflects the interest rate plus the fees you paid directly to the lender or broker or both: origination charges, discount points and any other costs. Those fees add to the cost of the loan, and APR takes them into account. That's why APR is higher than the interest rate.

What is APR and how does it affect you?

Knowing what an APR is, how it’s calculated and how it’s applied can help you make more informed credit card decisions. APR is an annualized representation of your interest rate. When deciding between credit cards, APR can help you compare how expensive a transaction will be on each one.

What is APR and what does it mean?

Annual percentage rate (APR) refers to the yearly interest generated by a sum that's charged to borrowers or paid to investors. APR is expressed as a percentage that represents the actual yearly cost of funds over the term of a loan or income earned on an investment.


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