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APR vs. Interest Rate

APR vs. Interest Rate

Let’s go ahead and say it, APR is NOT the same as your monthly interest rate. Whaaat? Yes, you read that right. Let’s take a look.

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How is APR Calculated

How is APR Calculated

APR represent the total cost of borrowing money form your lender, and it is based on the cost of carrying a given balance for a full year.

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Making Loan Sense

Taking out a loan can be overwhelming. That’s why we provide you with honest, clear information that helps you make the right decision for your situation (even if it means not borrowing with us).

If you have questions we haven’t addressed here, check out our FAQ section or email a Loan Advisor at info@helixfi.com.