# annualPercentageRate

The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents the actual yearly cost of funds over the term of a loan. This includes any fees or additional costs associated with the transaction.

## Expected Types

| Type | Description |
|------|-------------|
| [Number](https://schema.org.ai/Number) | Data type: Number. Usage guidelines: Use values from 0123456789 (Unicode 'DIGIT ZERO' (U+0030) to 'DIGIT NINE' (U+0039)) rather than superficially similar Unicode symbols.; Use '.' (Unicode 'FULL STOP' (U+002E)) rather than ',' to indicate a decimal point. Avoid using these symbols as a readability separator. |
| [QuantitativeValue](https://schema.org.ai/QuantitativeValue) | A point value or interval for product characteristics and other purposes. |

## Used on Types

| Type | Description |
|------|-------------|
| [FinancialProduct](https://schema.org.ai/FinancialProduct) | A product provided to consumers and businesses by financial institutions such as banks, insurance companies, brokerage firms, consumer finance companies, and investment companies which comprise the financial services industry. |

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Quoted from Schema.org 30.1, https://schema.org/annualPercentageRate, under CC BY-SA 3.0. Served by the Org.AI Foundation at https://schema.org.ai/annualPercentageRate.