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