APR (annual percentage rate) — APR is the yearly cost of borrowing money expressed as a percentage, including interest plus standard fees, used to compare consumer-credit products on a like-for-like basis under the Truth in Lending Act.
APR is required disclosure on consumer credit (credit cards, personal loans, auto loans, mortgages) in the US under TILA. It folds interest and certain mandatory fees into a single annualised rate.
A payday loan with a $15 fee on $100 over 14 days has an APR around 391%. APR lets consumers compare that cost against credit cards, personal loans, and other consumer-credit products.
Kronos banking, savings, P2P, and crypto tools do not charge interest. Kronos Pro is an optional subscription that unlocks higher savings APY, zero-fee crypto, boosted cashback, priority support, and unlimited P2P transfers.
No. Kronos does not charge interest on its banking, savings, P2P, or crypto tools.