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What else can I help you with?
What is a good APR?
It depends on what you are getting credit for. A home loan with an APR less than 5.5% is good. A credit card with an APR of 15% or less is good.
How do you calcutate an APR?
APR is calculated by multiplying the amount of the loan by the interest rate. Next divide by the length of time of the loan to get the monthly APR amount.Ê
Where could a person compare the APR on a car loan?
There are many places where one can compare the APR on a car loan. Most loan companies have an area of their website that will allow you to compare the APR offered against other companies.
How APR impacts choice of loans?
APR affects the value of loan repayments because it's a percentage of the total loan repaid on an annual basis. A low APR makes repayments cheaper than a high APR.
How can one UK resident compare loan options from different sources?
The APR or Annual Percentage Rate is the tool to use to compare the cost of paying back a loan. The lower the APR, the cheaper the cost of the loan. All UK loan products will show the APR for any loan you are interested in taking out.
What is the APR for a bad credit loan?
If a customer's credit is really bad, then they may not be able to get a loan. If a customer's credit rating is poor, they may be able to get a loan at an APR of 12% - 15%.
What is the relationship of an APR for an add-on rate for a one-payment loan compared to an add-on for a monthly installment loan?
What is the apr for 17% add on for two years
What you need to get a commercial boat loan?
Darn good credit
How much is the apr loan listed?
The APR loan rate or annual percentage rate of any loan differs from one financial institution to another. To find a specific APR rate one would need to contact their local bank or financial institution.
What is the average rate of a boat loan?
The average rate of a boat loan is around 5.4%. Of course this is based on your credit rating and the company you get your loan from. Rates can sky rocket if you don't have good credit. So make sure to do your research when investing in a boat loan.
Is a higher or lower APR better for obtaining a loan?
A lower APR is better for obtaining a loan because it means you will pay less in interest over time.
What is the APR on a loan from Brentwood Bank?
The APR on a loan from Brentwood Bank varies on the type of loan and term length. For instance, a home equity term loan for 36 months is at 2.990%. An unsecured loan for 26 months is 9.75% and a 30 year mortgage loan starts at 4.26%.
