Finance representative example (Hire Purchase)
Borrowing £10,000 at a representative APR of 11.9%
- 59 monthly payments
- £218.83
- Final payment
- £228.83
- Fixed interest rate
- 11.9%
- Representative APR
- 11.9%
- Cost of credit
- £3,139.80*
- Total amount payable
- £13,139.80