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What is the APR and the interest rate on the loan?

April 26, 2017Apr Interest rate loan

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What is the APR and the interest rate on the loan?

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Posted

APR stands for Annual Percentage Rate. It is a way you can use to compare different types of loans and loans with different interest rates, duration, and payment structure. BSL Financial Services computes the APR the way that the Federal Reserve Board’s Regulation Z specifies. The APR for your loan depends on the duration of your loan and will be disclosed to you before you sign your loan agreement. The interest rate on your loan will depend on the details of your loan and your credit. Please call us to get more details.