annual percentage rate


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annual percentage rate

n
(Banking & Finance) the annual equivalent of a rate of interest when the rate is quoted more frequently than annually, usually monthly. Abbreviation: APR
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The annual percentage rates may well be sky-high, but payday loans are often less expensive than the alternatives: bounced check fees or illegal loan sharks.
Your credit determines the annual percentage rate or interest of your loan.
At the same time, United Jersey's new Signature Loan provides low and moderate income renters or homeowners with up to $3,000 for home improvements at the reduced annual percentage rate of 13.
Then based on their FICO score, consumers can learn in real time what lenders will likely offer them in estimated annual percentage rate (APR) and monthly payment.
These Websites offer a wide range of secured credit cards including annual percentage rate, annual fee, and grace periods for the cards.
The act requires that direct mail and other applications and solicitations to open card accounts must disclose the annual percentage rate (APR) and other cost information, generally in tabular form.
The survey found that 88 percent of payday lenders in seven out of eight states did not tell customers the annual percentage rate, or APR, when asked for a price quote.
The weighted average annual percentage rate (WA APR) in 2006-B is 5.
99 percent fixed annual percentage rate, a credit line of up to $100,000 and no transaction fees on balance transfers.

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