the annual average cost rate adds up how much you pay in total (not only on interest but also on fees) - and also how often and how much you have to repay - and it compares to how much you borrowed and it is calculated evenly over time repayment (it's not a simple division, that's not it) according to the RSPN, the smaller the APR is compared, the more advantageous, of course not that it would be perfect and it should not be cheated, but the clue is