When comparing loans, APR helps you understand the total cost of borrowing, not just the interest rate. Common examples of APR in financial products A mortgage APR includes the interest rate and ...

The APR more accurately reflects the overall cost ... While this sounds like a lot, in this example, you’ll pay the same ...

Credit cards have multiple APRs for different kinds of borrowing. Most common is the purchase APR, which is the interest you are charged for balances you incur from everyday spending.