An annual percentage rate—or APR—is the total annual cost of a loan, over the life of the loan. Stated another way, it’s the total cost of credit based on the interest rate, fees and length of the repayment term. Some lenders include origination fees in the advertised APRs, while others take them out of the loan amount at funding. The APR of a personal loan, therefore, will vary depending on your creditworthiness, the size of the loan, how long you have to repay the loan and the lender. If you wish to renew your loan, you should contact your lender in advance of your repayment date. Most lenders will charge payday loans cash advance no credit check the same rate of interest and fees for another month on the entire amount owed. In the event of non-payment, a loan renewal/extension could be automatic and further interest and/or charges may be added to your account.