Interest rates on consumer loans are really important – consumer loans like a credit card, auto loan or mortgage.
The interest rate is the amount you are charged on the total debt.
APR stands for Annual Percentage Rate.
APR includes interest rate, but also fees and closing costs.
When looking at two loans side-by-side, you may notice the interest rates are the same, but the APR may different based on the fees and other costs of that loan.
When comparing loans, know that the lower interest rate option will save you more money over time.
Do your research and know your numbers. It’s easy with GHS by filling out a no-obligation application to have a loan specialist review your numbers and give you a quote. When we say “no-obligation” we mean you can get a free quote and still shop and go with another lender should you chose.
GHS is always here for you! Stop in to a branch or call us if you need us at (800) 732-4447.
1APR = Annual Percentage Rate. Rates are shown "as low as". Rates and terms are subject to change. The rate and term may vary depending on each individual's credit history and underwriting factors. Credit Union Membership required with a $1.00 minimum deposit and $1.00 membership fee. Rate shown as low as with discount up to .50% for Auto Loans. Rate shown as low as with discount up to .25% for Personal Loans and Home Equity Loans.
2APY = Annual Percentage Yield. Rates are subject to change at any time. Early withdrawal penalties may be imposed on Term Share Accounts. Credit Union Membership required with a $1.00 minimum deposit and $1.00 membership fee.