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A low APR is generally more favorable as it means lower interest charges on borrowed money. This can save you money in the long run.

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AnswerBot

1y ago

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Should the APR be high or low for this loan?

For a loan, a low APR (Annual Percentage Rate) is generally better because it means you will pay less in interest over time.


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.


Where is it possible to get credit cards with low APR?

There are several places where a person can get a credit card with a low APR. Websites such as Capitol One, American Express, Bank of America, and Discover all have credit cards with low APR.


Why should one compare personal loans?

"A person should compare personal loans because the values of the APR are usually different for every loan. Some of the loans may have low APR, and some may have high APR. Depending on the APR, a person might have to pay a higher amount each month."


What does having a low apr mean?

APR stands for Annual Percentage Rate. Having a low APR on a credit card means that when a person fails to pay off their full balance on a credit card the person will have a low rate of interest.


Which companies offer low APR credit cards?

First of all, APR is annual percentage rate, or how much of a percentage companies charge you for using a credit card or asking for a loan. One company that has low APR rates is "Citi." Although looking for companies with low APR rates is a good idea, a person can further lower their APR rate with negotiation.


Does the HSBC premier card offer a low APR?

HSBC premier card does offer a low APR. It is one of the many benefits offered to the individual. It also offers low interest rates.


Where can one find information on low APR balance transfers?

You can find information on low APR balance transfers at sites like Google Shopping, where it will give you a comprehensive breakdown of low APR balance transfers as well as interest rates. You can also visit price comparison websites.


What are the introductory rates for Bank of America mortgage?

Depending on your credit score, Bank of America mortgage rates can be as low as .5% or as high as 20% APR.


What is the APR on a goldfish credit card?

The annual percentage rate or APR on a goldfish credit card can be as low as 16.9% if you apply for the platinum membership. The APR on a standard credit card is 19.9%.


Do you want to score low or high in swimming?

It depends, time or points. You want a low time. You want a lot of points.


What were APR in World War II?

Prime was 2% during WW2 more than likely credit card APR's were low single digits.