The Difference Between Interest Rate and APR—Nope, They’re Not the Same

When it comes to finances there are a lot of things that people don’t do smart. You will want to make sure that you are savvy on all the latest words and terms so that you don’t lose some hard earned cash. Two things that people often get confused are interest rates and term. Interest rate is the amount of interest you pay on a loan, APR is interest plus fees. You are sure to pay both of these over the life of your loans.

Read more: The Difference Between Interest Rate and APR—Nope, They’re Not the Same

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