Personal loan rates are the interest charges applied to money you borrow, usually shown as an annual percentage rate (APR). APR can include certain fees as well as interest, helping you compare the overall cost between loans. The rate you’re offered may depend on factors such as your credit history, income, existing debts, the amount borrowed and the repayment term, so an advertised representative APR is not guaranteed for every applicant. Check the total amount repayable and monthly payments, and consider offers from FCA-authorised lenders before applying.