| Loan Amount | £381.00 |
| Start Date | 15/06/2026 |
| Duration | 6 months |
| Finish Date | 15/12/2026 |
| Total Days | 183 days |
| Monthly Rate | 9.99% |
| Total Interest | £228.37 |
| Total Repayment | £609.37 |
| APR | 155.81% |
Step 1: Monthly interest amount
£381.00 × 9.99% = £38.06 per month
Step 2: Duration in months
6 months
Step 3: Total interest
£38.06 × 6 months = £228.37
Step 4: Total repayment
£381.00 + £228.37 = £609.37
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)
£228.37 ÷ £381.00 = 0.59939633
Step 2: 1 + C/P
1 + 0.59939633 = 1.59939633
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
1.599396332.00000000 = 2.55806861
Step 6: APR
100 × (2.55806861 − 1) = 155.81%