Credit and Lending

Read our latest articles aimed at helping you get your head around scary sounding money jargon like APRs once and for all.

 

 

What is APR?

APR stands for Annual Percentage Rate and is used by all banks and lenders as a way of comparing the cost of different types of credit over the period of one year. The APR of…

WARNING: THIS IS A HIGH-COST LOAN

Representative example: €460 loan over 26 weeks. 26 payments of  €23.00 per week . Rate of interest 60.0% p.a. fixed. Representative 187.2% APR. Total amount payable €598.00.

Provident
Provident
Provident

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