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I have applied for an unsecured loan from Welcome Finance. I have received the loan agreement form which states that the APR and Rate of Interest is variable.

Does anyone have experience of its interest rate becoming very high - is there a maximum legal limit??

I looked on their website and the FAQ said teh interest rate was fixed. This has now disappeared dunno
I would be grateful for advice.

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Welcome Finance - Unsecured Loan · Welcome Car Finance