43 which equates to a maximum Annual Cost Rate (ACR) of 48. 00 and a maximum Comparison Rate of 66. For personal loans, there is a minimum loan repayment period of 6 months and maximum loan repayment period of 24 months.
A secured Car Loan of 10,000 with a 36 month term has a maximum total cost of credit, including all applicable fees, of 8,940. 50, which equates to a maximum ACR of 48.
00 and also a maximum CR of 48. Car Loans have a minimum loan repayment period of 18 months and maximum loan repayment period of 40 months.
Please note the following Government warning: Warning: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
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