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Version date: 2 February 2017 - onwards

Part 8 Publication of rates for SME lending products (paras. 30-32)

30. Display of cost of unsecured loans and overdrafts

30.1 Providers shall, in accordance with Article 30.3, continuously publish and display current Rates showing the:

30.1.1 Representative annual percentage rate (APR) for Unsecured Loans to SMEs for borrowing up to a value of £25,000; and

30.1.2 Representative effective annual rate (EAR) for standard tariff Unsecured Business Overdrafts to SMEs for borrowing up to a value of £25,000.

30.2 For the avoidance of doubt, the obligation to continuously publish and display current Rates in accordance with Article 30.1 applies to:

30.2.1 existing SME Lending which is being offered to customers in scope of this remedy from the date which is six months after the day on which the Order is made; and

30.2.2 any new SME Lending in scope of this remedy, which are not offered by Providers by the date which is six months after the day on which this Order is made, but are offered by Providers after that date.

30.3 Rates published and displayed in ac

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