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Overall Representative Example for Secured Loans
Borrowing: £25,000 over 120 months. Interest Rate: 10.2% variable for 120 months with instalments of £367.10.
Fees: Broker fee (£1,995); Lender fee (£495). Total amount payable: £44,052 comprised of; loan amount (£25,000);
interest (£19,052); Broker fee and Lender fee. Overall cost of comparison: 11.36% APRC variable
Overall Representative Example for Secured Loans
Borrowing: £25,000 over 120 months. Interest Rate: 10.2% variable for 120 months with instalments of £333.85.
Fees: Broker fee (£1,995); Lender fee (£495). Total amount payable: £40,062 comprised of; loan amount (£25,000);
interest (£15,062); Broker fee and Lender fee Paid upfront. Overall cost of comparison: 10.25% APRC variable