Episode 15: APR


  • APR means Annual Percentage Rate
  • The annual rate charged on a loan is the yearly interest amount that is charged on a loan you are borrowing, or the amount you earn on an investment.
  • As balance changes, the amount earned or owed changes because the APR is the percentage of the amount earned or owed.
  • APR helps us understand how much we will owe or make in interest during the term of our loan or investment.
  • To calculate the interest earnings or owed: interest rate divided principal payment or investment = TOTAL, then divide TOTAL by loan term, then that TOTAL by 365 days (a full years)
  • That is confusing! No worries, our loan officers are here to help you understand your options in detail.
  • GHS is always here to help you understand that best option for you. Call us if you need us at (800) 732-4447.