JennaR8r@lemmy.dbzer0.com to Personal Finance@lemmy.mlEnglish · 1 month agoWhat's the difference between an APR and interest rate?message-squaremessage-square5fedilinkarrow-up116
arrow-up116message-squareWhat's the difference between an APR and interest rate?JennaR8r@lemmy.dbzer0.com to Personal Finance@lemmy.mlEnglish · 1 month agomessage-square5fedilink
minus-squareslazer2au@lemmy.worldlinkfedilinkEnglisharrow-up3·edit-21 month agoInterest rate is the amount a lender adds to your loan. APR is the interest rate + any fees associated with the loan.. I guess not…
minus-squarepartial_accumen@lemmy.worldlinkfedilinkEnglisharrow-up3·edit-21 month agoAPR, is referring to only interest. It has nothing to do with other fees.
minus-squareslazer2au@lemmy.worldlinkfedilinkEnglisharrow-up5·1 month agoThen I have read a bad article.
minus-squarepartial_accumen@lemmy.worldlinkfedilinkEnglisharrow-up4·edit-21 month agoNo worries, its certainly happened to me too on other topics. Thank you for your edit to your post to make sure others don’t come away with the wrong information.
Interest rate is the amount a lender adds to your loan.
APR is the interest rate + any fees associated with the loan.. I guess not…APR, is referring to only interest. It has nothing to do with other fees.
Then I have read a bad article.
No worries, its certainly happened to me too on other topics. Thank you for your edit to your post to make sure others don’t come away with the wrong information.