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What is APR?

Discover what APR actually means with our handy video guide.

Reena Sewraz
Last updated: Apr 2020
In this article
Coronavirus (COVID-19) borrowing update
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Coronavirus (COVID-19) borrowing update

Some personal loan ad credit card providers are offering payment holidays and to waive fees for missed payments to ease financial difficulties during the coronavirus outbreak.

You can find more of the latest updates and advice related to the COVID-19 outbreak over on our dedicated Which? coronavirus information hub.

You'll see the abbreviation 'APR' used in adverts for credit cards, loans and mortgages. 

In this two-minute video, Which? explains what APR stands for and how it's different from a standard interest rate. 

The video also explains why some credit card customers are offered a higher or lower APR than others.

 

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