Representative APR examples
Official personal loan APRs
There are regulations governing how APRs must be displayed. Below are loan providers' official examples of the cost of taking out a loan.
For all the current cheapest personal loan rates, see our Personal Loans guide, or our Loans Eligibility Calculator helps you find which lenders are most likely to accept you.
What does representative rate mean?
Where credit cards or loans use a representative APR, this means 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 have to get 7.5% as their rate. The other 49% could get a different rate (which is usually higher). Of course, some people will be rejected outright.
Bank of Scotland | |
Loan amount | Representative APR |
£25,001 - £35,000 | If you borrow £30,000 over 3 years at a Representative APR of 8.8% fixed and an annual interest rate of 8.8% you would pay: |
£35,001 - £50,000 | If you borrow £40,000 over 3 years at a Representative APR of 7.8% fixed and an annual interest rate of 7.8% you would pay: |
Barclays | |
Loan amount | Representative APR |
£25,001 - £35,000 | If you borrow £30,000 over 3 years at a Representative APR of 7.9% fixed and an annual interest rate of 7.9% you would pay: Monthly payment: £934.95 |
£35,001 - £50,000 | If you borrow £40,000 over 3 years at a Representative APR of 8% fixed and an annual interest rate of 8% you would pay: Monthly payment: £1,248.31 |
First Direct | |
Loan amount | Representative APR |
£25,000 - £30,000 | If you borrow £27,000 over 3 years at a Representative APR of 5.9% fixed and an annual interest rate of 5.9% you would pay: Monthly payment: £818.29 |
£30,001 - £50,000 | If you borrow £35,000 over 3 years at a Representative APR of 6.9% fixed and an annual interest rate of 6.9% you would pay: Monthly payment: £1,075.76 |
Halifax | |
Loan amount | Representative APR |
£25,001 - £35,000 | If you borrow £30,000 over 3 years at a Representative APR of 8.8% fixed and an annual interest rate of 8.8% you would pay: Monthly payment: £933.66 |
£35,001 - £50,000 | If you borrow £40,000 over 3 years at a Representative APR of 7.8% fixed and an annual interest rate of 7.8% you would pay: Monthly payment: £1,262.03 |
John Lewis Finance | |
Loan amount | Representative APR |
£1,000 - £2,999 | If you borrow £2,000 over 3 years at a Representative APR of 9.9% and an annual interest rate of 9.9% you would pay: Monthly payment: £64 |
Lloyds | |
Loan amount | Representative APR |
£25,001 - £35,000 | If you borrow £30,000 over 3 years at a Representative APR of 8.8% fixed and an annual interest rate of 8.8% you would pay: Monthly payment: £933.66 |
£35,001 - £50,000 | If you borrow £40,000 over 3 years at a Representative APR of 7.8% fixed and an annual interest rate of 7.8% you would pay: Monthly payment: £1,262.03 |
Nationwide | |
Loan amount | Representative APR |
£25,001 - £35,000 | If you borrow £30,000 over 5 years at a Representative APR of 6.9% and an annual interest rate of 6.9% you would pay: Monthly payment: £589.68 |
£35,001 - £50,000 | If you borrow £40,000 over 5 years at a Representative APR of 7.9% and an annual interest rate of 7.9% you would pay: Monthly payment: £803.94 |
Natwest/ RBS/ Ulster Bank | |
Loan amount | Representative APR |
£25,001 - £35,000 | If you borrow £30,000 over 3 years at a Representative APR of 7.7% fixed and an annual interest rate of 7.7% you would pay: Monthly payment: £932.36 |
£35,001 - £50,000 | If you borrow £40,000 over 3 years at a Representative APR of 8.7% fixed and an annual interest rate of 8.7% you would pay: Monthly payment: £1,260.29 |
Novuna Personal Finance | |
Loan amount | Representative APR |
£2,500 - £2,999 | If you borrow £2,500 over 3 years at a Representative APR of 14.4% fixed and an annual interest rate of 14.4% you would pay: Monthly payment: £84.87 |
£3,000 - £3,999 | If you borrow £3,000 over 3 years at a Representative APR of 9.9% fixed and an annual interest rate of 9.9% you would pay: Monthly payment: £96.07 |
£4,000 - £4,999 | If you borrow £4,000 over 3 years at a Representative APR of 9.7% fixed and an annual interest rate of 9.7% you would pay: Monthly payment: £127.74 |
People's Choice | |
Loan amount | Representative APR |
£1,000 - £4,999 | If you borrow £3,000 over 3 years at a Representative APR of 9.9% fixed and an annual interest rate of 9.9% you would pay: Monthly payment: £92 |
£5,000 - £6,999 | If you borrow £6,000 over 3 years at a Representative APR of 7% fixed and an annual interest rate of 7% you would pay: Monthly payment: £185 |
£7,000 - £7,499 | If you borrow £7,000 over 3 years at a Representative APR of 6.5% fixed and an annual interest rate of 6.5% you would pay: Monthly payment: £214 |
£7,500 - £25,000 | If you borrow £10,000 over 3 years at a Representative APR of 5.8% fixed and an annual interest rate of 5.8% you would pay: Monthly payment: £303 |
Santander | |
Loan amount | Representative APR |
£1,000 - £2,999 | If you borrow £2,500 over 3 years at a Representative APR of 13.5% and an annual interest rate of 13.5% fixed you would pay: Monthly payment: £83.91 |
£3,000 - £4,999 | If you borrow £4,000 over 3 years at a Representative APR of 9.9% and an annual interest rate of 9.9% fixed you would pay: Monthly payment: £128.09 |
£5,000 - £7,499 | If you borrow £7,000 over 3 years at a Representative APR of 7.2% and an annual interest rate of 7.2% fixed you would pay: Monthly payment: £216.05 |
£7,500 - £14,999 | If you borrow £10,000 over 3 years at a Representative APR of 6.2% and an annual interest rate of 6.2% fixed you would pay: Monthly payment: £304.36 |
£20,000 - £25,000 | If you borrow £23,000 over 3 years at a Representative APR of 6.4% and an annual interest rate of 6.4% fixed you would pay: Monthly payment: £702.00 |
Tesco Bank | |
Loan amount | Representative APR |
£25,001 - £35,000 | If you borrow £30,000 over 3 years at a Representative APR of 7.8% and an annual interest rate of 7.8% fixed you would pay: Monthly payment: £933.65 |
TSB | |
Loan amount | Representative APR |
£7,500 - £25,000 | If you borrow £10,000 over 3 years at a Representative APR of 6.2% and an annual interest rate of 6.2% fixed you would pay: Monthly payment: £304.36 |
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