Personal loan rates show the cost of borrowing, usually through the annual percentage rate (APR), which includes interest and certain fees. The advertised representative APR is offered to a minimum proportion of successful applicants, so your rate may be higher or lower depending on your credit history, income and circumstances. Compare the total amount repayable, monthly payments, loan term and any early repayment charges, not just the headline rate. Use an eligibility checker where available to reduce the risk of an unnecessary credit search, and check that the lender is FCA-authorised before applying.