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Annual Percentage Rate (APR) Explained | Superloans

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Annual Percentage Rate (APR) Explained | Superloans Get a self-ruling loan My Superloans Get a self-ruling loan My Superloans LoansSelf-rulingLoan Express Loan Pawn Loan Bad Credit Loan First Loan Beneficiary Loan My Superloans Super Score Refer Rewards Buck's Blog Responsible LendingFinancingSuper Deals Frequently Asked Questions Reviews About Us Contact Us APR Explained In this section Loan financing APR Explained Sample Contract Annual Percentage Rate Explained Annual Percentage Rate, or APR, is a measure to compare the financing of traditional loans that run for years The APR is the value you’ll pay in interest and fees over a year. For short-term loans — or any loan less than a year — the APR is not a useful way to compare. We believe the most useful information for a short-term loan is: the total forfeit of the loan the value of each repayment how many repayments you'll make. We provide all that information as transparently as possible.UpperAPR doesn’t midpoint upper forfeit if the loan is short-term You might squint at our interest rate and think it’s expensive. The larger the APR, the increasingly expensive a loan, right? Wrong. It's a worldwide perception, but with our super-flexible tideway to short-term loans, the opposite applies. The shorter the term, the less you'll pay in interest and fees. The forfeit of our loans is unswayable by: The value of money you borrow. The number of days you need it for. Using APR as a measure It's a bit like planning a short hotel stay, using the forfeit expressed as if you were to stay all year."How much is it to stay here?" "$54,700 per year. How many nights would you like?" Apply now Like our facebook page Get the My Superloans app Superloans Super Score Refer Rewards Super Deals Buck's Blog Reviews About Us Contact Us Bank Statements Our LoansSelf-rulingLoan Express Loans Pawn Loans Bad Credit Loan First Loan Beneficiary Loan Important Information Responsible Lending Budget Advice Hardship Assistance FeedbackFinancingAPR Explained Frequently Asked Questions Terms and Conditions Privacy Policy Superloans is a financial service provider that is registered with the New Zealand Government (FSP94021) © Copyright 2018 Superloans. All Rights Reserved.