Apr are a term you will see with the a number of different lending things, together with handmade cards, overdrafts and you may finance

Nigel Woollsey

Short to possess apr, it is a legal requirement for new Annual percentage rate to-be shown for these things to make sure that a less complicated and you may fairer assessment will be generated. Read more on what an apr is here.

This is very like Annual percentage rate and represents annual commission rate of costs. It can a similar employment while the an apr, it is employed for mortgages, along with second fees mortgages (secured personal loans). Continue Reading