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2. Annual percentage rate - Wikipedia

   en.wikipedia.org/wiki/Annual_percentage_rate

   The term annual percentage rate of charge (APR), [1] [2] corresponding sometimes to a nominal APR and sometimes to an effective APR (EAPR), [3] is the interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, credit card, [4] etc. It is a finance charge expressed as an annual rate.

3. APR vs. interest rate: What’s the difference? - AOL

   www.aol.com/finance/apr-vs-interest-rate...

   The annual percentage rate (APR) is the interest rate plus additional fees and any points. ... The APR on an ARM doesn’t reflect the maximum interest rate for the loan.

4. Nominal interest rate - Wikipedia

   en.wikipedia.org/wiki/Nominal_interest_rate

   The nominal interest rate, also known as an annual percentage rate or APR, is the periodic interest rate multiplied by the number of periods per year. For example, a nominal annual interest rate of 12% based on monthly compounding means a 1% interest rate per month (compounded). [2]

5. 7 Types of Interest Rates You Need to Know - AOL

   www.aol.com/finance/7-types-interest-rates-know...

   For example, say that you have a $1,000 loan with a 5% simple, annual interest rate. This means that the borrower owes $50 per year, due at the end of each year. At the six-month mark the borrower ...

6. Effective interest rate - Wikipedia

   en.wikipedia.org/wiki/Effective_interest_rate

   The effective interest rate (EIR), effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the percentage of interest on a loan or financial product if compound interest accumulates in periods different than a year. [1] It is the compound interest payable annually in arrears, based on the nominal interest rate ...

7. How to qualify for competitive rates on low-interest personal ...

   www.aol.com/finance/qualify-competitive-rates...

   They come with competitive annual percentage rates ... The average personal loan interest rate for borrowers with excellent credit is between 10.73 percent and 12.5 percent. But if your credit ...