Is the amount of interest you will pay over one year, stated as a percentage of your balance.

Annual interest rate for this mortgage.

The annual interest rate charged on purchases that don't benefit from the interest-free period. There is no interest-free period for cash advances or balance transfers, and interest is charged from the day you withdraw the funds.

Interest per year divided by amount borrowed, expressed as a percentage. The annual interest rate is charged on purchases that don't benefit from the interest-free period, which includes cash advances or balance transfers (in these cases, interest is charged from the day funds are withdrawn.) Credit card users should note that when they make a â€œpartial payment,â€ towards their bill, their following month's statement will include interest charges on the entire amount of their previous balance.

The yearly interest rate or percentage rate that one pays on an outstanding balance in the form of interest.