Definitions for "AAPR"
The annual average percentage rate, also known as AAPR, is the standard used to determine the actual cost of a loan, including the costs incurred with the loan.
Commonly known as the “True Rate”. Used to ascertain the actual rate of a loan by factoring in upfront costs, ongoing fees (non government) over a loan period of 7 years with a loan value ratio (LVR) of 75%.
The annual average percentage rate (AAPR), a tool to be used to determine the true cost of the loan including associated costs incurred with the loan.