20 Jun, 2019

What does Annual Percentage Rate (APRC) mean?

A lender is always required to quote the Annual Percentage Rate of Charge (APRC) when advertising a loan or the borrowing rate and its purpose is to help you compare the true cost of borrowing. The Annual Percentage Rate of Charge (APRC) calculates the total amount of interest that will be paid over the entire period of the loan.

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