SteadyPay

The Annual Percentage Rate (APR) depicts the subscription fee as the cost of using our service.

Borrowing (top-ups advanced to you): £1000 

Subscription payments: £364 (£7 a week x 52)

- Borrowing (top-ups advanced to you): £1000 
- Interest charge: 0%
- Subscription payments: £364 (£7 a week x 52)
- Total amount payable: £1364
- Representative APR: 36.4%

If you don't charge interest, what's with the APR?

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