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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