Locked interest on personal loan

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Locked interest on personal loan

The maximum charge for short term loans is limited to a maximum charge of 0. 8 per day by the Financial Conduct Authority (FCA). The representative APR is 305. 9 (variable). Representative example: £400 borrowed for 90 days. Total amount repayable is £561. 92 in 3 monthly instalments of £187. Interest charged is £161. 92, interest rate 161.

Locked interest on personal loan

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Locked interest on personal loan