Sainsbury’s Bank Guide to personal loans
example, a £10,000 loan with a 5% APR and a 1 year payback term will accrue £272.89 in total interest, not £500 like you may initially think. Representative APR When you look at an advert for a personal loan, or carry out an online loan quotation, the rate advertised is referred to as the ‘Representative Example’. This rate must reflect ... ................
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