19 out of 10 is based on formal credit applications and is an average across the period January 2017 – December 2017.
2The representative APR is an illustration of the rate that the majority of customers will receive. If a loan is described as having a particular representative APR, then we expect to offer that rate or better to at least 51% of the applicants we accept. Other customers may get a different rate based on their individual circumstances.
Our representative APR applies to all unsecured loans with a borrowing amount of up to £25,000 for businesses with a turnover of up to £25 million. This figure is not necessarily the rate you will be receiving and is for illustrative purposes only.
3EAR stands for equivalent annual rate. It is the rate you would pay if you go overdrawn to the full limit of your facility for