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The Shocking Difference Between APR and Interest Rate

Posted on August 28, 2018 Written by Joseph Hogue Leave a Comment

difference between interest rate and apr loans

The difference between an interest rate and APR may end up costing you thousands What’s the first thing you look for when applying for a loan? The interest rate, right? The stated interest rate gets the most attention when we apply for a loan but it may surprise you that it’s not the true cost of your loan. The interest just from that annual rate doesn’t include fees and commissions and may … [Read more...]

Filed Under: Increase Your Credit Score, Tips to Take Control of Debt Tagged: apr on home loan, how is interest calculated on loans, interest rate vs apr, what is apr

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About Me : Joseph Hogue

An investment analyst by profession, I am excited about what the peer lending revolution means for how we think of lending in America. The restrictive traditional model of banking is being pushed aside. Investors and borrowers are being matched up directly and getting a loan has never been easier. Read More…

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