Guarantor Lender Representative APRs and Examples

What you need to know

On this page we list the representative APRs and representative examples for each of our lenders loans

Representative APR and Representative Examples

On this page we cover what these terms mean and what are the figures are for all our lenders

What these terms actually mean?

Representative APR

The representative APR of a loan is the effective rate of interest that is paid by at least 51% of a company’s customers taking into account all charges and fees associated with that product.

The idea is that it gives you a fair indication of the actual total cost of a particular product.

This was introduced as a result of companies advertising low interest rates (to appear cheap) but then adding lots of other fees and charges making the overall cost actually higher.

So the representative APRs listed below are for that particular lender; for example, Amigo’s representative APR is 49.9%, therefore over 51% of Amigo’s customers paid an effective rate of 49.9% for their loan with Amigo.

Representative Example

A representative example is a calculation of all the costs associated with an example loan using the representative APR for that product, thus giving you a fair indication of the monthly payment and total amount payable for the loan amount and term used in the example.

Our Guarantor Lenders Representative APRs with Examples

1 + 1 Loans

Representative APR45.40%
Representative Example£3,000 over 3 years
Monthly Payment£140.84
Annual Interest Rate23% Fixed
Total Payable£5,070.24

Amigo Loans

Representative APR49.9%
Representative Example£4,000 over 3 years
Monthly Payment£195.16 per month
Annual Interest RateInterest rate 49.9% (variable)
Total Payable£7,025.76

Bamboo Loans

Representative APR49.7%
Representative Example£2,600.00 over 3 years
Monthly Payment£126.61
Annual Interest Rate41% Fixed
Total Payable£4,557.89

Buddy Loans

Representative APR45.90%
Representative Example£2,500 over 2 years
Monthly Payment£154.54
Annual Interest Rate41.16% Fixed
Total Payable£3,750.17

George Banco

Representative APR49.7%
Representative Example£3,500 over 3 years
Monthly Payment£170.56
Annual Interest Rate31.9% Fixed
Total Payable£6,140.16

Glo

Representative APR49.50%
Representative Example£3,500 over 3 years
Monthly Payment£170.41
Annual Interest Rate49.5% Fixed
Total Payable£6,134.76

Guarantor My Loan

Representative APR48.90%
Representative Example£3,000 over 3 years
Monthly Payment£145.17
Annual Interest Rate10% per annum fixed + service fee of 30.48% per annum fixed
Total Payable£5,226.12

Lend Fair

Representative APR48.00%
Representative Example£2,800 over 3 years
Monthly Payment£134.45
Annual Interest Rate48% Fixed
Total Payable£4,840.20

MASA

Representative APR49.7%
Representative Example£3,500 over 3 years
Monthly Payment£170.56
Annual Interest Rate31.9% Fixed
Total Payable£6,140.16

Quick Cash Club

Representative APR304%
Representative Example£600 over 24 months
Monthly Payment£75.33
Annual Interest Rate140% (variable)
Total Payable£1,807.92

SUCO

Representative APR48.90%
Representative Example£2,000 over 4 years
Monthly Payment£84.73
Annual Interest Rate25.84% Fixed
Total Payable£4,067.04

TFS

Representative APR48.90%
Representative Example£4,500 over 4 years
Monthly Payment£190.65
Annual Interest Rate25.84% Fixed
Total Payable£9,151.20

Trust Two

Representative APR48.90%
Representative Example£4,000 over 3 years
Monthly Payment£190.65
Annual Interest Rate25.84% Fixed
Total Payable£9,151.20

UK Credit

Representative APR39.90%
Representative Example£4,000 over 3 years
Monthly Payment£153.60
Annual Interest Rate34.05% Fixed
Total Payable£7,372.80

UK Trust Loans

Representative APR49.90%
Representative Example£3,500 over 3 years
Monthly Payment£170.78
Annual Interest Rate41.16% Fixed
Total Payable£6,148.08

Loan Calculator

Use the loan calculator below to estimate monthly loan repayments.

Approximate figures

  • Monthly repayments from to . Total repayable from to . Representative APR's from to

Click to see all our lenders Representative APR's

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This tool is for GUIDANCE ONLY. It is designed to help you estimate loan repayments. It uses the representative APR of each product. Lenders have a duty to conduct affordability checks when you apply for a loan, see Responsible Lending.

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