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TeachMeFinance.com Annual Percentage Rate (APR) -- calculated by using a standard formula, the APR shows the cost of a loan; expressed as a yearly interest rate , it includes the interest, points, mortgage insurance, and other fees associated with the loan. another definition... Annual percentage rate (APR) -- is the cost of credit expressed as a yearly rate. The APR includes the interest rate, points, broker fees, and certain other credit charges that the borrower is required to pay. another definition... Annual Percentage Rate (APR) -- The APR shows the cost of a loan expressed as a yearly interest rate, including the interest and other fees associated with the loan. Because the APR includes up-front costs paid to obtain the loan, it is usually a higher amount than the interest rate stipulated in the note. another definition... annual percentage rate (APR) -- the rate required by Truth in Lending laws. It is designed to show customers the total cost of credit, including the stated interest rate plus certain finance and service charges. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.