Last updated: 21 August 2026
What is APR?
APR = annual interest rate. India 24-48% p.a., USA 18-30%. Daily rate = APR ÷ 365.
Types
| Type | What It Is. Purchase APR — normal purchases. Cash Advance APR — higher, from day 1. Balance Transfer APR — intro 0%, then regular. Penalty APR — after late payment |
|---|
Never Pay APR
Full payment due date tak. Grace period 21-25 din me full pay → ₹0. Calculation.
Frequently Asked Questions
Q: Is 24% APR good?
A: India normal (24-48%). Best = 0% (full pay).
Q: What is penalty APR?
A: Late payment ke baad badha rate. 6 on-time payments par revert.
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