Apr Articles

What is the Purpose of APR?
The majority of borrowers may have heard the acronym APR, but many don't understand it or the factors that contribute to its calculation. . This article will explain the purpose of APR, how APR functions, the fees used to calculate APR, as well as the limitations of...

What are the Different Types of APR?
Annual Percentage Rate a figure that represents the annual charge for borrowing, or the yearly cost of funds over the entire loan term. This figure includes any fees or additional costs associated with the transaction. The calculation helps to easily compare...