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| Name | What is APR |
| Video Uploader | Video From The Penny Hoarder |
| Upload Date | This Video Uploaded At 09-12-2021 15:27:19 |
| Video Discription | If you have a mortgage, car loan or credit card, you should have seen this abbreviation: APR. So what is APR? APR stands for Annual Percentage Rate. Expressed as a percentage, APR is the annual interest rate you pay for getting a loan. While the interest rate for a loan only factors in the loanβs principal, APR includes other costs such as administrative fees. That means APR will likely be higher than the interest rate for a car loan and mortgage. For credit cards, itβs generally the same as the interest rate, and APR is applied to the debt after a grace period of about a month. Are you still 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. Keywords: APR, what is APR, what is APR on a credit card, what is apr on a car, what is apr on a mortgage, what is apr on a loan, what does APR mean, what is the difference between interest rate and apr, what is apr stand for Join The Penny Hoarder for daily emails featuring our best money saving and making money tips and tools. https://www.thepennyhoarder.com/subscribe/ Join The Penny Hoarder Community: https://community.thepennyhoarder.com For more money saving tips, visit https://thepennyhoarder.com Watch More Videos: https://youtube.com/thepennyhoarder Follow Us: Facebook: http://facebook.com/thepennyhoarder Twitter: https://twitter.com/thepennyhoarder Pinterest: https://pinterest.com/thepennyhoarder Instagram: @thepennyhoarder Snapchat: thepennyhoarder #ThePennyHoarder #LessMoneyStress #PersonalFinance YouTube Code for Music License: TSUBBXXGDI8LUUK8 |
| Category | Howto & Style |
| Tags | The Penny Hoarder | Penny Hoarder | Financial Advice | Personal Finance | APR | what is APR | what is APR on a credit card | what is apr on a car | what is apr on a mortgage | what is apr on a loan | what does APR mean | what is the difference between interest rate and apr | what is apr stand for |
