Finance Glossary
Representative APR
The APR that at least 51% of customers accepted for a loan product will receive. Because lenders offer different rates based on individual creditworthiness, the representative APR gives a standardised benchmark for comparison. Your actual APR may be higher or lower depending on your credit profile.
Example
A lender advertises a representative APR of 39.9%. If you apply, you might be offered 49.9% if your credit score is lower than average.
Related guides
Related terms
Now you know what Representative APR means — find your best loan
Free to use. Click directly to any lender to apply.
Compare all lenders →