What is APRC?

APRC is the annual percentage rate of cost. It is the one figure a lender can show you that folds in the interest rate and the extra costs of taking the loan, such as arrangement fees, so two deals priced the same way can be compared by a single number.

Achieve quotes a wide band, 5.75% to 15.17%, because the final rate depends on the property and the loan. Acierto.com comes in far lower at 1.8%, with 1822direkt at 3.97% and ActivoBank at 4.3%. A lower APRC generally means a cheaper loan, so compare these figures before you commit.