Is 18 apr for a personal loan?

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Alexandrine Krajcik asked a question: Is 18 apr for a personal loan?
Asked By: Alexandrine Krajcik
Date created: Sat, Aug 21, 2021 6:38 AM
Date updated: Wed, Jun 29, 2022 7:01 AM

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When do you have to pay APR on a loan?

  • The annual percentage rate, or APR, is the amount it costs a lender to offer you a loan or credit. Whenever you have a balance on the loan or credit, you’ll be required to make payments toward the balance as well as additional payments to pay the APR.

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