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- APR - |
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The Annual Percentage Rate (APR) of a loan or other credit agreement is a measure of the interest charged plus any fixed charges, expressed as an annual figure. Lenders are legally obliged to inform the borrower of the APR of any form of borrowing so that price comparisons between products can be made. Before it became compulsory to use APR in marketing their products, lenders could use confusing figures like monthly interest or simply leave out charges, making it difficult to compare one loan with another. Typical APR is the minimum APR you can expect to pay, but for various reasons the APR advertised and the APR you end up with might be different.
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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| Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans secured on your home. |
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