Tuesday, July 14
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Topic: loans

A payment card being used with a card reader
New Personal Finance
Tuesday, 7/14, 06:33 AM

What Is APR, and How Is It Different From the Interest Rate?

  • When you borrow, lenders quote two numbers that sound alike but are not: the interest rate and the APR.
  • The interest rate is the cost of borrowing the money itself; the APR folds in certain fees too, so it reflects the true, all-in cost of a loan.
  • Knowing the difference can save you real money when comparing offers.

loans — news and stories on this topic

This page collects all of Boursel's coverage of loans. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

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