What Does Apr Stand For In Banking. aprc stands for annual percentage rate of charge and is the interest rate associated with mortgages and secured loans. It’s a term used in the banking and finance industry to describe the cost of borrowing money.
What is an APR? Credit Card APR Answers from Bank of America Credit - image credit : www.pinterest.com
And it’s sometimes known as ear, or effective annual rate, instead. For the most accurate comparison between two mortgage offers, the apr. a credit card’s interest rate is the price you pay for borrowing money.
What is an APR? Credit Card APR Answers from Bank of America Credit
When you apply for a. but you won’t know your actual apr until your loan application is approved. A personal apr is a rate that has been worked out especially for you based on things like how much you want to borrow, your financial situation and your credit. For credit cards, the interest rates are typically stated as a yearly rate.
