Rate ClarityPERSONAL LOAN INFORMATION
HomePersonal LoansRates & CostsCredit & BorrowingFAQGet StartedMobile / SMS Opt-InPrivacy PolicyTerms
Understand pricing

Rates, APR & Loan Costs

Rates are only one part of a borrowing decision. APR, fees, term length and total repayment can all matter.

Interest Rate

The borrowing rate

The interest rate is the percentage charged on borrowed principal. It does not always reflect every loan cost.

APR

A broader cost measure

Annual percentage rate may incorporate the interest rate plus certain applicable finance charges, making it useful for comparisons.

Fees

Check the details

Depending on the lender and product, a loan may include origination fees, late fees or other charges.

Comparison questions

Look beyond the monthly payment.

  • What is the APR?
  • Are any fees deducted from the loan proceeds?
  • What is the total amount of payments?
  • Is the rate fixed or variable?
  • Are there prepayment penalties?
  • What happens if a payment is late?
Financial documents and calculator