Finance Glossary

Total Amount Repayable

The complete sum you will pay back over the life of a loan, including the original loan amount (principal), all interest charges, and any mandatory fees. UK lenders are required to disclose the total amount repayable in their representative example. Comparing the total amount repayable is often more useful than comparing APR alone for short-term loans.

Example

Borrowing £500 with a total amount repayable of £750 means you will pay £250 in interest and charges over the loan term.

Related guides

Apr Explained →

Related terms

APR
Annual Percentage Rate — the true annual cost of borrowing, …
Principal
The original sum of money borrowed, not including interest o…
Interest Rate
The percentage of the loan principal charged by a lender for…
Loan Term
The agreed length of time over which a loan must be fully re…
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