Total amount of credit (facility amount):
£30,000, term 12 months.
Drawn period:
Full facility drawn for the full 12 month term.
Arrangement fee:
£1,200 (4% of facility amount fixed). Interest £9,000. Interest rate: 30%pa (fixed on drawn funds). Total charge for credit: £10,200. Representative APR: 34%
Total amount payable: £40,200