Loan Glossary

Please select any item from our loan glossary.

A

Annual Percentage Rate (APR)
Applied or Nominal Interest Rate

B

Base Rate
Borrowing (which sort of credit)
Bridging Loan

C

Capital
Collateral security
Cooling off period
Credit - your record
Credit Insurance
Credit Reference Agency
Credit Scoring

D

Debt Counselling
Deposit

E

Early redemption charge

F

Fixed Interest Rate

L

Loan Insurance

O

Overdraft

P

Payment Protection Insurance
Personal Contract Hire (PCH)
Personal Contract Purchase (PCP)

R

Refused Credit

S

Second Mortgage

T

The Rule of 78
Total Charge for Credit

See also: Financial Services, Loans