OUR REPRESENTATIVE APRC IS 19.9% FOR HOMEOWNER LOANS

– MORE THAN 51% OF OUR SUCCESSFUL APPLICANTS RECEIVE THIS RATE

  • The interest rate you pay for your homeowner loan depends on your individual circumstances, such as your income.
  • The Representative APRC includes the cost of arranging your homeowner loan.
  • You will be told the APRC when we provide you with a Secured Loan Illustration, which is before we send you a Mortgage Offer .
  • Our interest rate is fixed over the loan term. Your interest rate will not vary in line with the Bank of England base rate.
  • No broker fees mean we keep your interest rate as low as possible

Annual Percentage Rate

The Annual Percentage Rate of Charge (APRC) is the legally required comparison for mortgages.

Watch out for flat interest rate loans!

Some lenders charge a flat interest rate on the original amount borrowed, no matter what’s been repaid. In contrast, an APRC is the rate charged on the outstanding debt, which normally falls over time. So while a flat interest rate of 10% may sound cheap it is roughly equivalent to an APRC of 20%.

Always check what the APRC is.

Arrow Loans only quotes APRCs.