Annual Percentage Rate - Definition

The effective interest Rate charged on an instalment loan and represents the actual cost of funds for each year of the term of the loan. Being a standardised number it helps borrowers compare the rates of various lenders. The rate includes fees, additional costs such as mortgage insurance, origination fee etc.



Terms near "Annual Percentage Rate"

Annual Percentage Yield
Annual reports
Annual returns
Annualize
Annualizing
Annualizing
Annuitant
Annuitize
Annuity factor method
Annuity unit
Ready to Trade!
First you'll need an online broker. See how much you can save by visiting Forexbite Broker Center.
Advertisement

Annual Percentage Rate - Related articles & news

Featured
Top 5 factors that affect exchange rates ...

There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...

Forex Navigation