| Loan Amount | £1,800.00 |
| Start Date | 17/04/2026 |
| Duration | 6 months |
| Finish Date | 17/10/2026 |
| Total Days | 183 days |
| Monthly Rate | 125.9% |
| Total Interest | £13,597.20 |
| Total Repayment | £15,397.20 |
| APR | 7,217.09% |
Step 1: Monthly interest amount
£1,800.00 × 125.9% = £2,266.20 per month
Step 2: Duration in months
6 months
Step 3: Total interest
£2,266.20 × 6 months = £13,597.20
Step 4: Total repayment
£1,800.00 + £13,597.20 = £15,397.20
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)
£13,597.20 ÷ £1,800.00 = 7.55400000
Step 2: 1 + C/P
1 + 7.55400000 = 8.55400000
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
8.554000002.00000000 = 73.17091600
Step 6: APR
100 × (73.17091600 − 1) = 7,217.09%