APR vs. Interest Rate on a Personal Loan: What To Know
Learn the difference between these two types of rates, and which one is more important for comparing loans.
Written by
Freelance writer
Mary Beth Eastman has covered personal finance for more than seven years and is an expert on mortgages, student loans, and insurance. Her work has been featured by U.S. News & World Report, Newsweek, and Money Under 30.
Written by
Senior editor
Meredith Mangan is a senior editor at Credible. She has more than 18 years of experience in finance and is an expert on personal loans.
Written by
Editor
Barry Bridges is the personal loans editor at Credible. Since 2017, he’s been writing and editing personal finance content, focusing on personal loans, credit cards, and insurance.
Updated April 9, 2025
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”
