What is a representative example of a Drafty line of credit?

To make the costs easier to understand, we've put together a representative example of what would happen if the amount that was borrowed was repaid in full over a year in equal instalments.

Representative Example

  • For 89.7% APR

  • Annual Interest Rate: 65.7% (Fixed)

    Total amount of credit: £1200

    Representative APR: 89.7%

    Total amount payable: £1601.40


  • For 38.3% APR

  • Annual Interest Rate: 32.85% (Fixed)

    Total amount of credit: £1200

    Representative APR: 38.3%

    Total amount payable: £1413.52


  • For 28.8% APR

  • Annual Interest Rate: 25.55% (Fixed)

    Total amount of credit: £1200

    Representative APR: 28.8%

    Total amount payable: £1366.07


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Representative 96.2%APR