2 min read
Definition
Representative APR is the APR that at least 51% of accepted applicants for an advertised product receive. Lenders must show it so headline costs are comparable across offers.
In plain terms
It tells you the rate a typical accepted applicant pays — but your own rate depends on your risk profile and could be higher.
Why it matters for your company
Use representative APR to shortlist, then get a personalised quote before deciding. Credicorp shows the actual cost on your business loan offer, not just a headline. Compare true costs with the cost of borrowing calculator.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.