| Loan Amount | £200.00 |
| Start Date | 15/06/2026 |
| Duration | 6 months |
| Finish Date | 15/12/2026 |
| Total Days | 183 days |
| Monthly Rate | 9.9% |
| Total Interest | £118.80 |
| Total Repayment | £318.80 |
| APR | 154.08% |
Step 1: Monthly interest amount
£200.00 × 9.9% = £19.80 per month
Step 2: Duration in months
6 months
Step 3: Total interest
£19.80 × 6 months = £118.80
Step 4: Total repayment
£200.00 + £118.80 = £318.80
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)
£118.80 ÷ £200.00 = 0.59400000
Step 2: 1 + C/P
1 + 0.59400000 = 1.59400000
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
1.594000002.00000000 = 2.54083600
Step 6: APR
100 × (2.54083600 − 1) = 154.08%