What is the APR on a personal loan?
An APR is a snapshot of how much your personal loan will cost each year.
6 min read
Sep 11, 2025
Erin Lowry
Expert Reviewer, Personal Finance
EXPERTISE
- Credit cards
- Debt management
- Personal finance
- Retirement
- Wealth
- Budgeting
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Meet our expertsAbout Erin
Erin Lowry is the author of the four-part Broke Millennial series, including: Broke Millennial, Broke Millennial Takes On Investing, Broke Millennial Talks Money and Broke Millennial Workbook: Take Control and Get Your Financial Life Together. Erin’s been featured in The New York Times, Wall Street Journal, and on GMA3, ABC News, CBS Sunday Morning, CNBC and The Rachael Ray Show. She has written for The New York Times, USA Today, and other major publications.
Erin's latest articles
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Best Credit Cards for Restaurants of September 2025
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Should you pay off your car loan early?
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Should I buy a new or used car? Here’s how to decide
There are pros and cons of getting the latest model.
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FHA closing costs: What they are and how much you’ll pay
Like other types of mortgages, FHA loans come with closing costs. Here’s a breakdown of what to expect.
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7 ways to give money as a gift
Giving money as a gift doesn’t have to be boring. Use this guide to personalize your monetary giving.
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Routing number: What it is and how to find yours
That string of numbers at the bottom of your check is really important. Find out why.
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