slazer2au comments on What's the difference between an APR and interest rate?

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[–] slazer2au@lemmy.world -1 points 6 months ago* (last edited 6 months ago) (3 children)

Interest rate is the amount a lender adds to your loan.

~~APR is the interest rate + any fees associated with the loan.~~. I guess not.....

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[–] partial_accumen@lemmy.world 3 points 6 months ago* (2 children)

APR, is referring to only interest. It has nothing to do with other fees.

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[–] slazer2au@lemmy.world 5 points 6 months ago (1 child)

Then I have read a bad article.

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[–] partial_accumen@lemmy.world 4 points 6 months ago*

No worries, its certainly happened to me too on other topics. Thank you for your edit to your post to make sure others don't come away with the wrong information.

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