2006-10-11 22:35:40 · 5 answers · asked by the silent warrior 2 in Business & Finance ➔ Other - Business & Finance
As mentioned before it is Annual Percentage Rate.
Please be careful of reading too much into them though when looking at loans. Banks, building societies and loan companies all have different ways of working them out. Some includr charges within the rate, some don't. I know of one case where an APR of 14.3% had a higher monthly repayment than a rate of 21.5% over the same period when I was dealing with finance.
2006-10-12 00:19:30 · answer #1 · answered by des10euk 2 · 0⤊ 0⤋
Annual Percentage Rate
2006-10-11 22:39:11 · answer #2 · answered by Gerard McCarthy 2 · 0⤊ 0⤋
Annual Percentage Rate
2006-10-11 22:38:50 · answer #3 · answered by Unchained 2 · 0⤊ 0⤋
Annual Percentage Rate
2006-10-11 22:37:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Annual Percentage Rate.
Its basically a way for the consumer to work out the best deal for them.
It takes into account fees, interest etc and shows you a total yearly figure for all that.
All loans/credit cards etc have to show that, then you just go for the one with the lowest APR>
2006-10-11 22:36:59 · answer #5 · answered by OriginalBubble 6 · 2⤊ 0⤋