Understanding the Difference can Save You Money
APR vs. Interest Rate: What's the difference? Is it important to know? How do lenders calculate both? Which one should I use? These are all great questions!
I have good news! We aim to educate you on Interest Rates and APR, their differences, and how they are calculated
Interest rate is a general term in loans and lines of credit, and understanding how it works is a relatively simple task.
But what about APR? APR is another prevalent term in financing, yet many people don’t understand its meaning, how it differs from the interest rate, and its impact on borrowing money.
Understanding the APR of a loan or line of credit is a must, as it gives you an overall picture of how much such a loan will cost you in the long run.
SWIPE UP NOW TO LEARN THE DIFFERENCE BETWEEN APR AND INTEREST RATE, BECAUSE WE WANT TO HELP SAVE YOU MONEY.
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