Credit

Annual percentage rate

Also called APR

A way of expressing the yearly price of credit. South African quotations more often show the interest rate, the fees and the total payable separately.

Do not assume an advertised APR includes every initiation fee, service fee and credit-life premium. Read the quotation. A merchant cash advance factor is not an APR.

Reviewed 29 October 2026. This is a plain-language note, not an official definition and not personal advice.