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What is APR?

Are you unsure about what APR means? Watch this short video to learn more about APR and how it affects how much you pay over the course of a loan.

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The Annual Percentage Rate (APR) is *the cost you pay each year to borrow
money, including fees*, expressed as a percentage. The APR is a broader
measure of the cost to you of borrowing money since it reflects not only
the interest rate but also the fees that you have to pay to get the loan.

Last edited by Will S.
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