Annual Percentage Rate (APR)

Lending

Annual Percentage Rate (APR) is the yearly interest a borrower has to pay on a loan. It is calculated by taking the interest rate for a specific period and multiplying it by the number of those periods in a year.

Definition: Annual Percentage Rate (APR) is the yearly interest a borrower has to pay on a loan. It is calculated by taking the interest rate for a specific period and multiplying it by the number of those periods in a year.