APR - Home Credit India

APR

Considering a loan? Don’t get confused by loan terms! Learn what APR means in India & how it affects your loan repayment. (Home Credit India)

Why is Calculating APR Crucial Before Taking a Loan?

Calculating APR for personal loans

Taking out a loan is a significant financial decision that can have long-lasting consequences on your financial health. Whether it’s a personal loan, a mortgage, or a credit card, understanding the true cost of borrowing is paramount. One of the most crucial factors to consider before committing to a loan is the Annual Percentage Rate (APR).