Why was I offered a higher APR than the representative APR?
The advertised rate is a marketing-rule figure, not your quote. We read FCA rule CONC 3.5 and two live loan pages to show why your APR came out higher.
APR
Subject to status loan meaning: the lender checks you first
Subject to status means no approval yet: a UK lender checks your age, income, credit file and affordability before deciding to lend and at what rate.
Monzo vs Zopa Personal Loan: APR, Limits and Exit Fees
Monzo vs Zopa personal loan: Monzo's 23.0% APR to £10k (10.0% to £35k), no early fees; Zopa's £1k-£50k soft quote and its early repayment rules.
Representative APR still misleads more than it informs
The advertised rate must be available to just over half of successful applicants. Almost everyone reads it as the rate they will be offered.