APR vs. Interest Rate: What You Need to Know

Published: 31 March 2017
on channel: Fundera by NerdWallet
39,350
426

If you’re shopping for small business loans, you might become confused by all the terminology that gets thrown your way. Two terms that are particularly misunderstood are APR vs. interest rate. In this video, we'll explain the difference between APR vs. interest rate, and tell you which is more important when considering the cost of borrowing money. For our complete guide, visit: http://bit.ly/2YLKgIm

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