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APR stands for annual percentage rate of charge. When you see a representative APR, it means that over half of people who’ve taken out a loan of a particular size from that lender have been given this rate.

All lenders advertise their loan rates in this way to help people compare across lenders.

A few things to note about representative APRs:

They include standard fees or costs associated with taking out a loan e.g. an arrangement fee.

They change depending on the loan amount.

Just because a lender has a low or high representative APR, it doesn’t mean they’ll offer you the best rate.

The rate you’re offered won’t necessarily be the same as the representative APR.

Most lenders, including us, will offer you a personalised rate. This is called a personalised APR.

APR stands for annual percentage rate of charge. A personal APR is a rate that has been worked out especially for you based on things like how much you want to borrow, your financial situation and your credit history. Your personal APR may be different to the representative APR we advertise, and different lenders may offer you different APRs.

If you already bank with us, you can find out your personal APR by using our Quick Quote tool. It’ll tell you how likely you are to be approved, give you a personalised rate and show you what your monthly repayments could be. And all without affecting your credit rating.