Rates from 12.5% APR. Representative 12.5% APR. Hire Purchase (HP) Example: Borrow £10,000 over 2 years with a £1,500 deposit. Representative APR 12.5% fixed rate. Monthly payment: £399.73. Total cost of credit: £1,093.46. Total amount repayable: £9,593.46. We earn a percentage of the financed amount in commission for providing our services, but this does not influence the interest rate you’re offered in any way. Loanitt UK Limited are a broker, not a lender. Rates may vary based on individual circumstances and are subject to status.