Standard Interest Rates vs APR

Financial Tips

Standard Interest Rates vs APR – Know the Difference

February 22, 2023
Standard Interest Rates vs APR
Standard Interest Rates vs APR Tips
What is a standard interest rate?
What is an APR?

When taking out a loan or credit, there are two key terms you’re likely to encounter – Standard Interest Rates and Annual Percentage Rate (APR). Despite the fact that they both refer to the cost of borrowing money, they are not the same thing. Understanding the difference between the two can help you make better […]