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Help and advice about our loans


APR – or annual percentage rate - helps you compare the real cost of borrowing. Lenders have to quote the APR when they advertise a loan or borrowing rate. The APR must also include any charges made by the lender.

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Fixed rate

With a fixed rate, your repayments stay the same for the entire loan.

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When you borrow money, the lender will make a charge – known as interest. For example, if you borrow 100 at an interest rate of 10% for one year, you would have to repay 110 at the end of the year.

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The estimated cost of a loan, usually showing monthly repayments and the total amount that will need to be repaid.

The actual cost of your loan could be different from the quote - we work out the actual cost based on your specific circumstances.

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The regular amount a borrower pays to a lender in order to repay the loan. Most loan repayments have to be made once a month.

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The length of a loan, which is usually given in months.

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