Addressing the elephant in the room – APR (Annual Percentage Rate)

APR – The Elephant in the room Shiona Crichton – Moneyline CEO 9th March 2023 Borrow £100 over 48 months and repay £2.70 a month, Cost of loan is £30 = 14% APR Borrow £100 over 6 months and repay £21.67 a month, Cost of loan is £30 = 155% APR APR as a measure of cost  I often […]