Ever wondered what APR means and why it's plastered everywhere on a credit card application? This small but ubiquitous acronym stands for Annual Percentage. One of the most important factors to consider when shopping around for an auto loan is the Annual Percentage Rate, or APR. The APR indicates how much you will. Annual percentage rate · The APR is the cost to borrow money as a yearly percentage. · It's a more complete measure of a loan's cost than the interest rate alone. APR, or annual percentage rate, is the cost of borrowing money on a credit card or loan over a year. It takes into account the interest, and any other charges. In a nutshell, the APR of a mortgage loan is the annual rate of interest on the amount of money being borrowed in addition to any additional fees, such as.
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