Per annum

Per annum is a quicker way of saying ‘for each year’.

Variable

When a rate is advertised as variable, it means that it could go up or down.

APR (Annual Percentage Rate)

APR is the interest rate calculated across the lifetime of your agreement, including any fees (total cost of credit). You can use it to compare the cost of similar products from other lenders.

Representative

Lending decisions are based on personal circumstances, so the rates we offer may vary between customers. When we advertise our products, we use representative rates to show what the majority of customers may be offered.

Variable

When a rate is advertised as variable, it means that it could go up or down.

APR (Annual Percentage Rate)

APR is the interest rate calculated across the lifetime of your agreement, including any fees (total cost of credit). You can use it to compare the cost of similar products from other lenders.

Representative

Lending decisions are based on personal circumstances, so the rates we offer may vary between customers. When we advertise our products, we use representative rates to show what the majority of customers may be offered.

Fixed

Fixed means your interest rate won’t change for a set period of time. You should always check to see how long your fixed rate lasts.