What it means
Annual Percentage Rate — the yearly cost of a loan including interest and some fees, used to compare offers fairly.
Loans
APR
Also: Annual Percentage RateAnnual Percentage Rate — the yearly cost of a loan including interest and some fees, used to compare offers fairly.
CategoryLoans
Pro tip inside1 quick win
What “APR” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
The Annual Percentage Rate turns a loan's interest and certain fees into one yearly percentage. UAE banks show the key costs in the Key Facts Statement so you can compare products.
Why it matters
Two loans with the same headline rate can have different fees. APR helps reveal which one is really cheaper.
PRO TIPCompare APRs over the same tenure — a longer tenure can hide a higher total cost.
Test yourself
Which of these best describes APR? Tap an answer.
Read more about APR
Guides that use this term — and a tool to put it into practice.
Loans
Flat rate vs reducing rate: the number that changes everything
A 3% flat rate sounds cheaper than a 5.5% reducing rate. It usually isn't. Here's how to compare loan offers like a pro.
Loans
TRY THE TOOLPersonal loans in the UAE: what to compare before you sign
A low monthly instalment does not automatically mean a cheaper personal loan. Compare the total cost, tenure, fees and repayment terms before signing.
Personal loan EMI calculator
Run your own numbers and see how APR affects you.