The APR for 1 September 2017 to 31 August 2018 is 3.1%.
The rate of interest applied to your accounts is set by the UK Government every year.
Whenever there is a change in the annual interest rate, this will result in a change in your monthly repayment amount compared to the preceding year. We'll always notify you in writing when the interest rate changes, typically in your annual statement, which is issued every September.
Interest is calculated daily at the appropriate rate and applied to your account every month. It is important to remember that interest continues to be applied to your account even when you are in deferment.
Erudio Student Loans Limited is registered in England and Wales with company number 8605918. Its registered office is c/o Wilmington Trust Sp Services (London) Limited, Third Floor, 1 King’s Arms Yard, London, EC2R 7AF.
Erudio Student Loans Limited is authorised and regulated by the Financial Conduct Authority for certain credit-related regulated activities. It is registered on the Financial Services Register under registration number 659653.