MotoNovo Finance

Motor Finance Commission Complaints

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Where can I find my interest rate and APR?

Understanding the Rates:

  • Interest Rate: this is the flat rate of interest charged on your loan.
  • APR (Annual Percentage Rate): this includes the interest rate along with any other fees and charges, representing the total cost of borrowing.

You can check your interest rate and APR:

  • by registering or logging in to MyMotoNovo online or via the app. You'll need your agreement number and personal details to log in.
  • The rates are also listed in your finance agreement (given to you at the dealership) and your welcome pack (sent to you by post). If you purchased Value Added Products or carried over finance from your previous vehicle, a detailed breakdown of the interest for each part of your agreement will be available in your finance agreement.