APR ಅನ್ನು ಹೇಗೆ ಲೆಕ್ಕ ಹಾಕುವುದು

APR ಎಂದರೇನು?

APR (Annual Percentage Rate) is the true annual cost of borrowing — it includes the interest rate plus all fees and charges expressed as a yearly percentage. Unlike the stated interest rate, APR lets you compare loans on an apples-to-apples basis.

ಹಂತ-ಹಂತದ ಮಾರ್ಗದರ್ಶಿ

1. 1APR includes: interest rate + origination fees + broker fees + mortgage points
2. 2APR = (fees + total interest) / (loan amount × loan term in years) × 100
3. 3A loan with a lower rate but high fees can have a higher APR than a higher-rate loan with no fees
4. 4Use APR when comparing loans; use interest rate to calculate monthly payments

Worked Examples