APR stands for Annual Percentage Rate. It’s your total cost of borrowing over a year, shown as a percentage. This includes: The interest you’ll pay Any standard fees or charges It’s a simple way to compare loans as you know exactly what you'd be paying. For more information on APR you can read this short explainer from Experian.

FAQs Loans What is APR?

Frequently asked questions

What is APR?

APR stands for Annual Percentage Rate. It’s your total cost of borrowing over a year, shown as a percentage.

This includes:

The interest you’ll pay
Any standard fees or charges

It’s a simple way to compare loans as you know exactly what you'd be paying. For more information on APR you can read this short explainer from Experian.

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