JennaR8r@lemmy.dbzer0.com to Personal Finance@lemmy.mlEnglish · 2 days agoWhat's the difference between an APR and interest rate?message-squaremessage-square5fedilinkarrow-up116arrow-down10
arrow-up116arrow-down1message-squareWhat's the difference between an APR and interest rate?JennaR8r@lemmy.dbzer0.com to Personal Finance@lemmy.mlEnglish · 2 days agomessage-square5fedilink
minus-squareslazer2au@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down4·edit-22 days 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-up4·edit-22 days agoAPR, is referring to only interest. It has nothing to do with other fees.
minus-squareslazer2au@lemmy.worldlinkfedilinkEnglisharrow-up5·2 days agoThen I have read a bad article.
minus-squarepartial_accumen@lemmy.worldlinkfedilinkEnglisharrow-up4·edit-22 days 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.