Generally speaking, smaller loans over less than £1000, taken out over short repayment periods under 12 months, will have an APR that is higher. This is because small loans are often repaid in a few months, so an annual interest rate isn't really the best comparison. All short term loans have a rate cap of 0.8% interest per day but it is important to read the terms of a loan so you fully understand how much you are repaying in interest.