What is APR?

Annual Percentage Rate (APR) is an annualised rate which shows the cost of borrowing, and all lending products must show the APR rate so you can easily and fairly compare products.

Under a running account Credit Agreement, we are obliged to calculate the APR over 12 months, despite the fact we may be lending over a shorter period. This ensures that you can use the APR to compare a number of different credit options that may be available to you from different credit providers.

 

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Please note:

We are only able to discuss information pertaining to your credit agreement.  For any queries relating directly to your insurance policy or other service, please contact your service provider directly. 

 

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