The term Annual Percentage Rate (APR) refers to the yearly interest charged on a loan expressed as a percentage. However, the APR does not accurately represent the true cost of borrowing. In fact, the APR may significantly underestimate the total cost of a loan depending on the repayment schedule and fees involved. For more information on calculating your financing costs, visit "How Banks Hide the True Cost of Your Business Loan".
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The true cost of your loan
Payment Amount
Total Amount Paid
Total in Fees & Interest
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