Finance Glossary
APR
Annual Percentage Rate — the true annual cost of borrowing, including interest and fees, expressed as a percentage. In the UK, lenders must display the APR prominently so consumers can compare products on a like-for-like basis. It is the single most useful figure for comparing the cost of different loan offers.
Example
If you borrow £1,000 at 49.9% APR over 12 months, your total repayable is approximately £1,249.
Related guides
Related terms
Representative APR
The APR that at least 51% of customers accepted for a loan p…
Interest Rate
The percentage of the loan principal charged by a lender for…
Total Amount Repayable
The complete sum you will pay back over the life of a loan, …
Annual Percentage Rate
The full name for APR. The Annual Percentage Rate is the sta…
Now you know what APR means — find your best loan
Free to use. Click directly to any lender to apply.
Compare all lenders →