APR
APR definition by Slang.net
This page explains what the acronym "APR" means. The definition, example, and related terms listed above have been written and compiled by the Slang.net team.
We are constantly updating our database with new slang terms, acronyms, and abbreviations. If you would like to suggest a term or an update to an existing one, please let us know!
Take the pop culture acronym challenge
An APR is the rate of interest charged over the course of one year. In some cases, such as a credit card account or home mortgage, the APR may include fees associated with the loan. Therefore the APR of the loan may be higher than the interest rate.
Credit card APRs typically range between 10% and 25%. Applicants with higher credit scores may be able to obtain lower APRs because they are considered lower risk for the lender.