# My loan has 2 rates: Annual Percentage Rate & Interest Rate- I thought I would only be charged the interest!? related questions

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My loan has 2 rates: Annual Percentage Rate & Interest Rate- I thought I would only be charged the interest!? | 0 | b rad | 2012-11-05 18:37:39 |

I have $20,937.01 in credit card debt. I know, I know, I really did myself over. My interest was off the charts on 3 separate cards, so I applied for a personal installment loan and received $20,000.00 at an interest rate of 6.99% over the course of 60 payments at $437.34 each. I have NEVER taken out a loan before and I tried to listen attentively and ask as many questions as possible in order to fully comprehend all the details, but I was never told about an Annual Percentage Rate of 7.223%, which I can now see on the paperwork I was given to take home with me. I am very confused. Why are there 2 rates? How is this decided? How much am I actually going to pay in interest then? I would really appreciate some insight. Thanks so much! | |||

Should we refinance from 6 1/8 interest rate to a 5.5 interest rate on our 30-year fixed rate loan? | 4 | tim | 2012-11-05 22:16:02 |

the value of the house : $ 600,000 Loan Amount : $ 477,000 Our loan officer said it's worth refinancing if you get a rate of 5.5 % or less. But we have no cash for closing costs of $ 5,000 ... suggested making a seprate HELOC to cover closing costs . Is this worth it? Or should we continue our 6 1/8 % rate ? | |||

What is the highest interest rate i can be charged for a used car loan? How can i guesstamate it? | 3 | Sly | 2012-08-27 07:41:03 |

I have fair credit and car is18 , 644. wanted to know how to find out how high my interest rate can go because I heard that you can climb to around 25 % interest, that sucks, but I want to be prepared. | |||

Can someone please tell me what Annual Percentage Rate is and give some examples? | 0 | abdul muqeet | 2012-11-05 01:29:56 |

I always see APR for a home loan or auto loan, but have no clue how it is applied. Thank You | |||

What is the current Annual Percentage Rate for commercial banking for car loan? | 1 | Robyn | 2019-04-07 20:03:34 |

What is the current annual percentage rate of commercial banks for car loan ? | |||

A civil servant took a government loan of $90,000 to buy a car. The interest is charged at a rate of 4% per...? | 2 | Sophee | 2012-10-19 10:49:03 |

annual calculated on a monthly basis . If you pay back $ 900 at the end of each month , find the compound interest for the first three months. MedlinePlus MedlinePlus please explian step . i do not under stand this .... thanks muah | |||

Will all the federal interest rate cuts happening lately effect my student loan interest rate? | 0 | eagle | 2012-08-25 04:44:02 |

Or I can consolidate what they do ? MedlinePlus MedlinePlus thanks | |||

Annual percentage rate?(Use the formula to solve the problem) **HELP,PLZ**? | 9 | Channin | 2021-01-15 05:18:19 |

Carl Cornfield has a short-term loan at 18% annual interest . He pays the monthly interest and want to know the annual percentage rate ? MedlinePlus MedlinePlus formula : APR = (1 + I/12 ) ^ t -1 | |||

What is the annual percentage rate for a personal loan through american general financing? | 0 | confused! :( any one there? | 2012-10-27 15:51:00 |

I wondered if a loan through American General financing worth or put in a regular credit card with an interest rate of 15.99 and pay more than half of each month | |||

What is the highest rate of interest that can be charged on a personal secured loan in california? | 0 | Baby D | 2012-08-12 11:14:02 |

finance charges | |||

I have a Auto loan which they charged me 21.50% interest rate I guess due to my credit. Is that too high? | 4 | alejandro macias | 2012-10-02 04:34:03 |

I recently had my car repossessed for nonpayment bcause I was very sick . I'm trying to refinance to get another car and possibly reduce monthly payments . I currently pay $ 498 a month in car payments . I can pay more than $ 700 a month between that and my insurance . I need help . | |||

Can a dealership change the annual percentage rate after the contract is signed ? | 0 | dishen | 2012-11-04 07:39:25 |

I live in N. Calif. and I bought a car over the weekend. This dealership has been giving me the runaround ever since I stepped on the lot. Too bad they had the exact car I wanted at a pretty fair price. Anyway, the loan officer guy calls me and says he can get my x.xx% if I can bring him verification of income RIGHT NOW (yeah right, I have class in 2 hours). Otherwise it will be xx.xx% annually. I have already signed a contract and put money down on this car with an annual % rating of x.xx% and it seems he's trying to change it. Am I getting taken advantage of .. or can he legally do this even though I have a signed contract saying what my annual % rating is. |