CM-8.5.3
The "key terms disclosure" document must, amongst other things, make clear:
(a) the amount being borrowed or the credit limit being offered, its maturity and repayment schedules;
(b) the nominal rate of interest to be charged on the consumer loan/facility;
(c) whether this rate of interest is fixed or can go up and / or down, and under what circumstances;
(d) the basis on which interest is charged and when capital repayments are taken into account in the calculation, together with an illustration of the calculation method;
(e) a breakdown of all non-interest costs not included in (b), (c) and (d) above and associated with the loan or facility, such as arrangement fees, documentation fees, late payment fees, and obligatory payment protection insurance costs;
(f) the full costs associated with top-ups of instalment loans or early repayments of amounts due including the treatment of remaining interest and the payment of premium for insurance; and
(g) the Annual Percentage Rate, as defined in paragraph CM-8.5.5 below.