It expresses the total cost that the client is obliged to pay to the bank for the loan over a period of one year (the cost includes both interest, fees and other related costs that the client has to pay to the bank in addition to the repayment of the principal itself, which is not included in the APRC). This is one of the most important figures for the client to know about the loan. The APRC gives the best picture of what the cost of the loan will be for the client in one year and the client can best compare the offers of different banks. Other terms used: APRC, annual percentage rate of charge.