| Loan Amount | £100,000.00 |
| Start Date | 09/07/2026 |
| Duration | 7 months |
| Finish Date | 09/02/2027 |
| Total Days | 215 days |
| Monthly Rate | 49.2% |
| Total Interest | £344,400.00 |
| Total Repayment | £444,400.00 |
| APR | 1,189.64% |
Step 1: Monthly interest amount
£100,000.00 × 49.2% = £49,200.00 per month
Step 2: Duration in months
7 months
Step 3: Total interest
£49,200.00 × 7 months = £344,400.00
Step 4: Total repayment
£100,000.00 + £344,400.00 = £444,400.00
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)
£344,400.00 ÷ £100,000.00 = 3.44400000
Step 2: 1 + C/P
1 + 3.44400000 = 4.44400000
Step 3: t (Duration in years)
7 months ÷ 12 = 0.58333333 years
Step 4: 1/t
1 ÷ 0.58333333 = 1.71428571
Step 5: (1 + C/P)1/t
4.444000001.71428571 = 12.89643877
Step 6: APR
100 × (12.89643877 − 1) = 1,189.64%