Representative finance example
If your borrow amount is £7,000 with a deposit of £1,000, a selected term of 48 months, at a representative APR of 15.9% (fixed) and an annual fixed interest rate of 15.9%, you would pay £166.52 per month. Total charge for credit would be £1,992.93 and total amount repayable is £7,992.96.
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