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89 Cash / 89 Cash APR: What Does APR Mean?
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89 Cash APR: What Does APR Mean?

Learn what APR means, how it differs from a finance charge, and why the APR offered by a participating lender can vary.

Direct answer: APR, or annual percentage rate, is a standardized way to express the annualized cost of credit. The APR on an actual offer is determined by the participating lender and should be reviewed alongside fees, term, and repayment amount.

APR Is Not the Same as the Dollar Cost

APR provides a percentage-based comparison, while the finance charge and total repayment show the dollar impact of a particular agreement.

How to Compare Offers

  1. Check the APR.
  2. Check the finance charge and fees.
  3. Check the term and payment dates.
  4. Check total repayment.
  5. Check whether the payment fits your budget.

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Transparency note: Loan availability, rates, APR, fees, repayment schedules and eligibility vary by lender and state. Information on this page is educational and does not replace the participating lender's agreement or disclosures.