APR is the annual percentage rate, which includes both the interest rate and any fees charged by the lender. The interest rate is the percentage of the loan that you’ll pay in interest, while the APR also includes any fees charged by the lender. Some companies may offer a relatively lower interest rate, but charging a higher upfront fee, thereby disbursing a relatively lower value. APR generally levels the different offerings from different banks and simplifies the comparison between them. The A