Official APR examples All personal loans

Where credit cards or loans use a representative APR, this means that 51% of successful applicants will be given the stated interest rate.

If a loan is advertised as being 7.5% representative APR, this means 51% of accepted applicants will get 7.5%, and 49% will get a different rate (likely to be higher).

Of course, some people will be rejected outright.

Alliance & Leicester

Loans between £5,000 and £7,500

If you borrow £6,000 over 3 years at a Representative APR of 8.3% fixed and an annual interest rate of 8.3% you would pay:

Monthly payment: £188.02
Total charge for credit: £768.72
Total amount you repay: £6,768.72

Loans between £7,500 and £14,950

If you borrow £10,000 over 5 years at a Representative APR of 6.6% fixed and an annual interest rate of 6.6% you would pay:

Monthly payment: £195.23
Total charge for credit: £1,713.80
Total amount you repay: £11,713.80

Loans over £15,000

If you borrow £15,000 over 5 years at a Representative APR of 8.4% fixed and an annual interest rate of 8.4% you would pay:

Monthly payment: £304.81
Total charge for credit: £3,288.60
Total amount you repay: £18,288.60

M&S

Loans between £7,500 and £14,999

If you borrow £10,000 over 5 years at a Representative APR of 6.7% fixed and an annual interest rate of 6.7% you would pay:

Monthly payment: £195.66
Total charge for credit: £1,739.60
Total amount you repay: £11,739.60

HSBC

Loans between £7,500 and £14,999

If you borrow £7,500 over 5 years at a Representative APR of 6.2% fixed and an annual interest rate of 6.2% you would pay:

Monthly payment: £145.10
Total charge for credit: £1,206.14
Total amount you repay: £8,706.14

Post Office

Loans between £2,000 and £4,999

If you borrow £3,000 over 3 years at a Representative APR of 14.9% fixed and an annual interest rate of 14.9% you would pay:

Monthly payment: £102.50
Total charge for credit: £691.80
Total amount you repay: £3,691.80

Loans between £5,000 and £7,499

If you borrow £5,000 over 3 years at a Representative APR of 8.4% fixed and an annual interest rate of 8.4% you would pay:

Monthly payment: £156.91
Total charge for credit: £650.20
Total amount you repay: £5650.20

Nationwide

Loans between £7,500 and £14,950

If you borrow £7,500 over 3 years at a Representative APR of 6.6% fixed and an annual interest rate of 6.6% you would pay:

Monthly payment: £229.55
Total charge for credit: £763.80
Total amount you repay: £8,263.80

If you borrow £10,000 over 5 years at a Representative APR of 6.5% fixed and an annual interest rate of 6.5% you would pay:

Monthly payment: £195.00
Total charge for credit: £1,739
Total amount you repay: £11,739.00

Loans over £15,000

If you borrow £15,000 over 3 years at a Representative APR of 8.3% fixed and an annual interest rate of 8.3% you would pay:

Monthly payment: £470.05
Total charge for credit: £1,921.80
Total amount you repay: £16,921.80

If you borrow £15,000 over 5 years at a Representative APR of 8.4% fixed and an annual interest rate of 8.4% you would pay:

Monthly payment: £304.81
Total charge for credit: £3,288.60
Total amount you repay: £18,288.60

Sainsbury's

Loans between £1,000 and £2,950

If you borrow £2,000 over 3 years at a Representative APR of 18.6% fixed and an annual interest rate of 18.6% you would pay:

Monthly payment: £79.49
Total charge for credit: £574
Total amount you repay: £2,574

Loans between £3,000 and £4,950

If you borrow £4,000 over 3 years at a Representative APR of 12.8% fixed and an annual interest rate of 12.8% you would pay:

Monthly payment: £133.06
Total charge for credit: £790
Total amount you repay: £4,790

Loans between £7,500 and £14,999

If you borrow £10,000 over 5 years at a Representative APR of 6.7% fixed and an annual interest rate of 6.7% you would pay:

Monthly payment: £195.67
Total charge for credit: £1,740.20
Total amount you repay: £11,740.20

Loans over £15,000

If you borrow £15,000 over 3 years at a Representative APR of 8.2% fixed and an annual interest rate of 8.2% you would pay:

Monthly payment: £471
Total charge for credit: £1,971
Total amount you repay: £16,971

If you borrow £15,000 over 5 years at a Representative APR of 8.3% fixed and an annual interest rate of 8.3% you would pay:

Monthly payment: £308.57
Total charge for credit: £3,514.20
Total amount you repay: £18,514.20

Santander

Loans between £1,000 and £1,950

If you borrow £1,500 over 3 years at a Representative APR of 18.9% fixed and an annual interest rate of 18.9% you would pay:

Monthly payment: £53.81
Total charge for credit: £437.16
Total amount you repay: £1,937.16

Loans between £5,000 and £7,500

If you borrow £6,000 over 3 years at a Representative APR of 8.3% fixed and an annual interest rate of 8.3% you would pay:

Monthly payment: £188.02
Total charge for credit: £768.72
Total amount you repay: £6,768.72