When you take a loan, do you automatically assume that the bank which is offering the lowest interest rate is the best choice? But the fact is, there are other charges or fees which you need to pay too, and after factoring them in your loan cost, you get the annual percentage rate, or APR. [...]The post What is APR and why is it a must before taking a loan? first appeared on Best Instant Loan App for Students and Salaried.