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Is the cost of insurance included in the cost of the loan?

Insurance cost and the annual percentage rate

Credit protection insurance is not required to get the Personal Loan. It does not affect the loan's terms (interest rate, term). Since it's an optional add-on, it's excluded from the annual percentage rate (APR) calculation.

APR is the yearly cost generated by the amount that you have borrowed. It represents the total cost of credit, over 1 year, expressed as a percentage.