APRAPR noun [countableC usually singular] FINANCE annual percentage rate; the rate of interest that you must pay when you borrow money. In many countries, the APR must be shown in advertisements offering to lend money to people, to give the true cost of borrowingThe bank is offering a 6.4% APR on loans of over £7,500.
The APR takes into account not just the interest on the loan, but also any other charges you may have to pay, for example, any arrangement fee.