What does APR % mean?
This stands for Annual Percentage Rate – which is the cost of borrowing money over the course of a year. Having it as a percentage figure allows people to compare the cost they’ll face when taking out a loan or credit card.
Lenders also use something called ‘Representative APR’. This is the APR that 51% or more of successful applicants will get. But that rate may not be available to the other 49% of applicants, who are likely to be offered a higher rate.
This is why it’s so important to pay attention to the APR% of any loan you are applying for, as it gives you a good idea of just how much you will be paying each year for borrowing money from lenders.
FAQs: Pick a category below you may need help with
Baffle-free guides to borrowing
Loans can be super confusing, but never fear – our set of loan guides will help you beat the Baffles.
Loans Guides
It’s not always easy to know how to handle your finances. Our set of money management guides can help you out.
Learn more
Understanding your credit score isn’t always straightforward. But our guides will help put you on the right path.
Learn moreRead what our customers say
We're proud to earn a super-positive score from Trustpilot, the leading collector of honest reviews from real customers.