What is an APR?
Tanya Menendez avatar
Written by Tanya Menendez
Updated over a week ago

An APR means Annual Percentage Rate.  An APR will take into account all the fees and charges over the life of the loan that you will pay.  This allows you to compare rates for different loan products on an apples-to-apples basis.  This helps you compare different loans even though they may charge for different things.

Did this answer your question?