UK Annual Percentage Rate (APR)

UK Annual Percentage Rate (APR)

Please see the attached document for details.

The Annual Percentage Rate (APR) is available for calculation in ASPIRE for use in finance company documentation, database queries/reporting, and payoff calculations. 

The APR calculation typically consists of all contractual amounts, including various fees charged to finance company borrowers. This may vary from one finance company to another. To allow flexibility in APR calculation, ASPIRE administrators can define which transaction codes factor into the APR calculation.

The attached document covers:
      ASPIRE Configuration 
      APR Calculation
      Document Data Tags
      Payoff Usage
      Database
      API with JSON Example

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