The APR, or Annual Percentage Rate, of a loan is the amount of interest you’ll be charged in one year for that loan. The APR is determined by the interest rate for your car loan. It also includes fees ...
You may have seen the term “APR” while shopping for auto loans, mortgages or credit cards. It stands for “annual percentage rate” and describes the yearly cost of carrying an unpaid balance in various ...
The interest rate on a mortgage indicates how much interest you’ll pay for the amount you borrow. The annual percentage rate (APR) is the interest rate plus additional fees and any points. When ...