This is an affordable short - term financing program, with effective annual percentage rates (APRs) of 12 % and below. (valuepenguin.com)
The duration component is important because of the corresponding effective annual percentage rate as well as what hoops you may need to jump through to qualify. (stockmonkeys.com)
Experts say the effective annual percentage rate for these loans can be 100 percent or more. (cnbc.com)