Frequently Asked Questions

  1. Home
  2. FAQs
  3. Interest and Fees

Interest and Fees

How is interest calculated?

Most lenders calculate interest daily. This means you only pay interest for the time you have the loan. Read More

What does interest mean?

Interest is one of the main costs of borrowing expressed as a percentage of the amount you have borrowed. Read More

What does APR mean?

APR stands for ‘annual percentage rate’ and it shows how much interest is charged over the course of a year. Read More

What does representative APR mean?

Understanding Representative APRs is very important before you get any form of credit. We cover what these terms both mean, and what the figures are for all our lenders. Read More