FAQ

FAQ

Frequantly asked questions

What is APR?

APR is a acronym for Annual Percentage Rate. This is the total amount you pay over the main part of the credit called the principal. This may include interest and fees, and certainly does not include penalties and fees that you pay in arrears and late payment.

Why is it important to know the APR?

APR orient what price consumers pay for financial services. Sometimes the rates are lower, but the amount of fees is higher and this misleads. For this reason, the legislature has imposed on companies to report the full amount of appreciation to enable users to have a real idea of their expenses.