What is APRC?

APRC stands for Annual Percentage Rate of Charge. It shows how much it will cost you to borrow money over the term of your mortgage, taking into account any additional fees or charges. APRC also takes into account that your lender may offer you a lower interest rate for the first few years. It is then expressed as a percentage so you can easily compare your different mortgage options.


APRC is different from what an APR is specifically, so it is important to note the differences. You can also find out how your APRC is decided.