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Overall Representative Example for Secured Loans
Borrowing: £25,000 over 120 months. Interest Rate: 7.2% variable for 120 months with instalments of £298.65.
Fees: Broker fee (£1,995); Lender fee (£495). Total amount payable: £37,833.39 comprised of; loan amount (£25,000);
interest (£10,838.39); Broker fee and Lender fee. Overall cost of comparison: 9.57% APRC variable
Overall Representative Example for Secured Loans
Borrowing: £25,000 over 120 months. Interest Rate: 7.2% variable for 120 months with instalments of £292.85.
Fees: Broker fee (£1,995); Lender fee (£495). Total amount payable: £35,142 comprised of; loan amount (£25,000);
interest (£10,142); Broker fee and Lender fee Paid upfront. Overall cost of comparison: 7.2% APRC variable