| Loan Amount | £35,870.00 |
| Start Date | 18/12/2025 |
| Duration | 6 months |
| Finish Date | 18/06/2026 |
| Total Days | 182 days |
| Monthly Rate | 2.49% |
| Total Interest | £5,358.98 |
| Total Repayment | £41,228.98 |
| APR | 32.11% |
Step 1: Monthly interest amount
£35,870.00 × 2.49% = £893.16 per month
Step 2: Duration in months
6 months
Step 3: Total interest
£893.16 × 6 months = £5,358.98
Step 4: Total repayment
£35,870.00 + £5,358.98 = £41,228.98
APR = 100 × { (1 + C/P)1/t − 1 }
C = Total Interest • P = Loan Amount • t = Duration in Years
Step 1: C / P (Total Interest ÷ Loan Amount)
£5,358.98 ÷ £35,870.00 = 0.14940006
Step 2: 1 + C/P
1 + 0.14940006 = 1.14940006
Step 3: t (Duration in years)
6 months ÷ 12 = 0.50000000 years
Step 4: 1/t
1 ÷ 0.50000000 = 2.00000000
Step 5: (1 + C/P)1/t
1.149400062.00000000 = 1.32112049
Step 6: APR
100 × (1.32112049 − 1) = 32.11%