Annual Percentage Rate Clause Samples
The Annual Percentage Rate (APR) clause defines the yearly interest rate charged on a loan or credit, expressed as a percentage that reflects the total cost of borrowing. This clause typically outlines how the APR is calculated, including any fees or additional costs, and specifies the types of transactions or accounts it applies to, such as mortgages, credit cards, or personal loans. By standardizing the way interest and fees are disclosed, the APR clause enables borrowers to compare different financial products more easily and ensures transparency in lending practices.
Annual Percentage Rate. Each Receivable has an APR of not more than 25.00%.
Annual Percentage Rate. The Annual Percentage Rate of each Receivable shall be not less than 1.90% and not greater than 20.00%.
Annual Percentage Rate. For each of the Receivables, compared the percentage noted in the annual percentage rate field per the Data Tape to the Annual Percentage Rate included on the Retail Contract, or as applicable, the Customer Correction Letter, and found them to be not greater than 19.00%. Satisfied by procedure number 20.
Annual Percentage Rate. Each Receivable has an APR of at least 0.00% and not more than 12.00%.
Annual Percentage Rate. Each Receivable is a fully-amortizing simple interest contract which bears interest at a fixed rate per annum and which provides for level scheduled monthly, semi-monthly or bi-weekly payments (except for the last payment, which may be minimally different from the level payments) over its respective remaining term, and is not secured by any interest in real estate.
Annual Percentage Rate. [The annual percentage rate can be disclosed in different ways, depending on the type of debt.]
Annual Percentage Rate. Each Receivable has an APR of at least 0.00% and not more than 12.00%. - Contract - Data Tape
(i) Confirm the Annual Percentage Rate (APR) as stated within the “Federal Truth-In-Lending Disclosures” section of the Contract does not exceed the maximum allowable APR.
(ii) If section (i) is confirmed, then Test Pass.
Annual Percentage Rate. Each Receivable conveyed hereby shall have an Annual Percentage Rate equal to or greater than 9.5%. As of the Cutoff Date, the weighted average Annual Percentage Rate of the Receivables is not less than 9.75%.
Annual Percentage Rate. The INTEREST CHARGE on Purchases, Cash Advances, and Balance Transfers will be computed by applying a monthly periodic rate computed as follows:
Annual Percentage Rate. Each Contract has an APR of at least 5.0%; provided, however, that as of the Prefunding Account Ending Date, the weighted average APR of all Contracts shall not be less than 13.20%.