APR vs interest rate: What’s the difference?
Understand the difference between APR and interest rate. APR shows the total yearly cost, including fees, while interest rate is just the basic borrowing cost.
BorrowingNews and tips on credit cards, loans, mortgages and other money matters
Switch layoutUnderstand the difference between APR and interest rate. APR shows the total yearly cost, including fees, while interest rate is just the basic borrowing cost.
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