Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Typical APR
Typical APR is the percentage rate of interest charged annually on a loan and is used by lenders/brokers to indicate the true cost of borrowing. A typical APR figure can only be quoted by a broker/lender if it applies to at least 66% of all previous borrowers.
