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What is an APR?

May 17, 2022


An APR, or annual percentage rate, is the total annual cost you pay to take out a loan or line of credit. If you have credit cards, personal loans, and/or a mortgage—your APR is the total interest owed over the course of a year, plus any other lender charges, such as points and fees.


credit card
student loans

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All Laurel Road lending products are subject to credit approval.