APRC (Annual Percentage Rate of Charge)
APRC is a standardised percentage showing the overall cost of a mortgage, including interest and certain fees, to help compare products.
Last verified: 10/03/2026
Definition
APRC stands for Annual Percentage Rate of Charge. It’s intended to help consumers compare the overall cost of a mortgage product in a standardised way.
What APRC includes
APRC typically reflects:
- the interest rate assumptions over time
- certain fees and charges that apply to the mortgage
Exact rules and what must be included are set by regulation and lender disclosures.
What APRC is good for
APRC can be useful when comparing:
- a low-rate mortgage with high fees
- a higher-rate mortgage with low fees
Practical caveat
APRC is still based on assumptions (for example what happens after a fixed period). Use it as one input, alongside your own scenario modelling.
Related terms
- SVR
- Arrangement fee