Thread: Calculating PPI & interest paid for a claim

Does anyone have a clue on how to calculate APR on PPI that has been added with other insurance premiums?
The below is on my contract.

£2072.62 PPI
£ 550.00 Mechanical Breakdown
£ 350.00 GAP Insurance
£2972.62 TOTAL INSURANCE PREMIUM
£ 100.00 LESS Down Payment
£1197.30 Add interest (APR)
£4069.92 Balance Payable
£4169.92 Total Balance Payable
19.9 APR

As the interest (APR) is callculated on the whole of the insurances taken out I am having difficulties calculating how much of the interest charged is relevant to the PPI.

Can anyone help as I am including this figure in a letter being sent to the financer. Thanks

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Does you paperwork have a monthly interest rate?

Can you supply the following....

TOTAL Loan amount
Period of load (I.e over how many years)
Total Monthly Payment

Hi, thanks for replying.

The total finance sho=wing on the contract is as below:

VEHICLE FINANCE
£5843.00 Car Finance
£150.00 admin Fee
£2285.56 Finance Charges (interest)
£8278.56 Total Car Finance Balance
APR 19.9%
48 months
£172.47 vehicle installment monthly payment

Then on the other side it says

INSURANCE FINANCE
£2072.62 PPI
£ 550.00 Mechanical Breakdown
£ 350.00 GAP Insurance
£2972.62 TOTAL INSURANCE PREMIUM
£ 100.00 LESS Down Payment
£1197.30 Add interest (APR)
£4069.92 Balance Payable
£4169.92 Total Balance Payable
19.9 APR
48 months
£84.79 each monthly insurnance installment

Total finance = £12,448.51
£172.47 + £84.79 = £257.56 monthly payment