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APR Explained

Is a higher APR better?

Introduction  If you’ve been researching different forms of credit, you will have noticed that the given Annual Percentage Rate (APR) is different from lender to lender. But why is this? What influences APR? We answer these questions and more below, helping you to understand the importance of APR when you apply for credit. Is a […]

APR ExplainedPersonal LoansNovember, 15, 2022
How to calculate APR?

As a borrower, one of the most important aspects of applying for credit is the Annual Percentage Rate (APR) offered by lenders. Lots of things can influence the APR of a loan, so it’s vital you understand what the rate means and how to work it out. By the end of this article, you […]

What is APR?

When comparing the value of different forms of credit, one of the most helpful metrics is the Annual Percentage Rate (APR) stipulated by the lender. If you’ve seen APRs displayed but aren’t entirely sure what they mean, read on to find out why it’s such an important figure to consider when applying for a […]