The interest rate is simply the interest a borrower is required to pay back on a loan.
Comparison rates calculate the interest a borrower will need to pay along with any fees and charges – this is expressed as a single percentage to assist borrowers in assessing the true cost of each loan. For more information on comparison rates read here.
This information in this article is general only and does not take into account your individual circumstances. It should not be relied upon to make any financial decisions. uno can’t make a recommendation until we complete an assessment of your requirements and objectives and your financial position. Interest rates, and other product information included in this article, are subject to change at any time at the complete discretion of each lender.