What is another word for annual percentage rate?
Pronunciation: [ˈanjuːə͡l pəsˈɛntɪd͡ʒ ɹˈe͡ɪt] (IPA) 
Annual Percentage Rate (APR) is a term that refers to the interest rate charged by a lender over a year's time. There are several synonyms for the term APR, such as "interest rate," "annual interest rate," and "annual rate." Other lesser-known synonyms include "finance charge," "APY" (Annual Percentage Yield), and "effective annual rate." These terms are used to describe the interest rate associated with loans, including car loans, personal loans, and credit card APR. Although these terms have slightly different meanings, they all refer to the cost of borrowing money and allow consumers to compare rates from multiple lenders easily. Understanding these synonyms can help individuals make informed financial decisions.
