All Calculators
APR Calculator
APR — the Annual Percentage Rate — folds the interest rate together with any fees to show the true yearly cost of a loan. It is the single figure to compare when weighing up offers from different lenders.
£
optional — arrangement fees etc.
£
36 months
years
%
Representative APR
7.8%
the true yearly cost of borrowing, including fees
- Monthly repayment
- £311.06
- Finance charges
- £0.00
- Total cost of credit
- £1,198.24
- Total repayable
- £11,198.24
APR spreads any fees across the life of the loan and compounds the monthly rate, so it is usually higher than the headline interest rate. It is the figure to compare when weighing up different offers.