All Questions
Tagged with apr united-kingdom
5
questions
38
votes
8
answers
7k
views
Is 0% APR ever a bad idea?
I have recently purchased a few large items of furniture for my new home and paid a ~25% deposit on these. To pay off the remainder I can pay in full or pay monthly with a 0% APR payment plan.
e.g I ...
- 1,668
1
vote
2
answers
622
views
EU APR calculation, solving for APR
I'm looking for some help with a finance homework. We've been given the FCA calculation for APR:
Source: https://www.handbook.fca.org.uk/publication/handbook/graphic/13449.png
We've also been given a ...
- 11
24
votes
3
answers
5k
views
20% APR means only 10% interest? (UK)
I am trying to get better grasp of what the APR figure means, so this example is purely hypothetical.
I have entered a loan of £100,000 into an APR calculator on MoneySuperMarket with a 20% APR for ...
- 343
6
votes
2
answers
13k
views
How is interest calculated on PCP agreements?
in December 2018, I'll be at the end of my PCP agreement for my current car and I'm weighing up my options. I've never really paid attention to the details about my previous finance agreements - I ...
- 163
1
vote
2
answers
167
views
Interest or APR Query
I have really bad credit from when I was younger.
The only credit card I can get is one 49.9% APR.
If I spend £500 in a single transaction and pay back lets say £50 a month, what interest would I be ...
- 13