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If you don't charge interest, what's with the APR?
If you don't charge interest, what's with the APR?
Stephanie avatar
Written by Stephanie
Updated over a week ago

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

  • 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%

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