Rates & costs
APR, interest rates, fees and the cost components that change what borrowing really costs.
APR is designed to express borrowing cost on an annualized basis, but the exact calculation and included charges depend on local rules.
Fixed rates prioritize predictability; variable rates can change under the product rules. Neither structure is automatically cheaper.
Loan pricing can include establishment, origination, service, late-payment and early-repayment charges in addition to interest.
How different interest calculation methods affect borrowing cost.
Why an effective annual rate can differ from a nominal quoted rate.
How loan origination and establishment fees affect upfront and total borrowing cost.
When early-repayment charges can apply and what to verify before settling a loan.
Late-payment charges, grace periods and why missed-payment costs vary.