47.5k views
3 votes
What strategy should you use to obtain the lowest possible apr on a loan?

User Doogal
by
8.0k points

1 Answer

7 votes
Making a large down payment on a loan will decrease the overall amount of money borrowed and lower the APR. In addition, ensuring you have a high credit score will get you the best possible APR. The higher your credit rating, the more trustworthy you appear when it comes to paying back the loan.
User Caroline
by
8.8k points