Personal Loan APR vs Total Cost: Choose the Cheaper Loan
Most borrowers make the same mistake: they choose the loan with the smallest APR and stop there. That can be a costly shortcut. Maya needs $10,000 for a roof repair. One lender offers 12.49% APR over 60 months. Another offers 13.99% APR over 36 months. The first loan has the lower APR and the smaller …
