Frequently Asked Questions

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  4. What does APR mean?

What does APR mean?

You’ll see the term ‘APR’ everywhere that talks about borrowing money.

APR stands for

  • ‘Annual Percentage Rate’ and it shows
  • How much interest is charged over the course of a year

Comparing the APRs can be a way of comparing one loan against another, but to get a more accurate comparison between loans, look at their Representative APR.


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