What is representative APR on a personal loan?
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In short: The APR offered to at least 51% of accepted applicants. Your personal APR depends on credit score, income and loan amount.
Content updated:
A headline 6.9% representative rate may price at 15%+ for average credit files.
Soft-search tools show likely tier without a hard footprint.
Compare total repayment amount, not APR alone, when fees differ.
See compare personal loans guide.
Primary source: moneyhelper.org.uk/en/everyday-money/credit/personal-loans
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