Average Annualised Percentage Rate. Sometimes referred to as the Compulsory Comparison Rate, this figure takes into account the other costs associated with the loan etc, and expresses them as an average interest rate, to create a level field with which to compare like loan product interest rates.


Agree to the terms of an offer or contract.

Additional repayment

Extra funds paid into the loan in addition to the minimum monthly payments.


Real Estate Agent

Amortisation period

The period of time a loan is calculated over (and repaid).

Application fee

The fee charged by a lender to cover or partially cover the lender’s costs of setting up or establishing the loan.


An overdue account yet to be paid.


Money, property or goods owned.