Question

What does APR stand for and what does it mean?

Answer 1

APR stands for annual percentage rate. It is the interest rate for a whole year, rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, etc. It is a finance charge expressed as an annual rate.

Hope this helped!

Answer 2

Good morning !

APR stands for : Annual Percentage Rate

What does that mean ?

APR is the amount of interest you pay every year on the outstanding balance.


I hope that's help!