7.1% APR representative (fixed). Based on an assumed loan amount of £13,000 over 60 months at the AIR of 7.1% p.a (fixed). Monthly repayment £256.73. Total
amount payable £15,404.01.
Loan Amount
£13,000
Term
60 months
Monthly repayment
£256.73
Total amount payable
£15,404.01
*Annual Percentage Rate Representative (APR Representative)
7.1% APR representative (fixed)
**Annual Interest Rate (AIR)
7.1 % p.a (fixed)
Definitions:
*Annual Percentage Rate (APR) is the total cost of the credit expressed as an annual percentage. It represents the actual yearly cost of credit over the loan term. The APR will vary depending on the loan amount and term.
*Annual Percentage Rate Representative (APR Representative) is the advertised rate (or a lower rate) we reasonably expect at least 51% of people who are accepted for and enter into the loan agreement as a result of the advertising or marketing will pay.
**Annual Interest Rate (AIR) is the rate of interest on a loan with the rate compounded on a monthly basis.