What Is The Difference Between APR & Interest Rate?

I want to know about the difference between APR and interest rate? or:I want to know about the difference between APR and interest rate?or:An APR incl

I want to know about the difference between APR and interest rate?

or:I want to know about the difference between APR and interest rate?


or:An APR includes both your interest rate and any extra charges or prepaid finance charges which includes the origination fee, private loan insurance, points, underwriting and processing fees. Your interest rate is the monthly expense you pay on the unpaid balance of your business loan.

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