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Unsecured Personal Loans FAQs

Guarantor Loans FAQ What is APR?

What is APR?

APR stands for Annual Percentage Rate. This is the rate at which someone who borrows money is charged. It is calculated over a twelve-month period and is shown as a percentage.

The APR percentage represents the actual yearly cost of the funds over the term of a loan.

TFS Homeowner Loan APRs range between 29.9% – 39.9% (dependent on the loan amount and term and subject to status).

More questions for Unsecured Personal Loans FAQs
Will my payments increase during the loan?Will I be credit checked?What would happen if I missed a payment?What would happen if I couldn’t pay my loan?What is the most I can borrow with a TFS Homeowner Loan?What is the cooling off period?What is an electronic signature? See all Unsecured Personal Loans FAQs

 

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Broom House, 39 – 43 London Road, Hadleigh, Essex, SS7 2QL, Company Registered in England No. 6542065.

TFS Loans Ltd is authorised and regulated by the Financial Conduct Authority. 724439

 

Loans are subject to status and affordability. *Consolidating debts may increase the term and the total amount payable.

Before entering into any credit agreement please make sure you can afford the monthly repayments, we recommend that you seek independent advice if you are unsure of any of the terms of our agreement. There may be other taxes or costs, not paid through us or charged by us, that you have to pay in connection with the agreement.

Late repayments can cause you serious money problems. For help go to www.moneyadviceservice.org.uk

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