Charges
It is our desire to get you the cash you need as fast as possible. Below are the charges. Work out how much you want to borrow and how much you will need to payback and we will arrange a loan for you.
We charge £20 for every £80 you borrow. In other words you borrow £80 and pay us back £100 or you borrow £200 and pay us back £250 and so on.
Payday Loan Charges
Payday loans carry a fixed flat rate fee and nothing more. You can apply for any amount between £80 and £1000. There are no hidden or administrative costs:
For every £80 you borrow you pay £20.
| You Borrow | Total Amount Payable |
|---|---|
| £80 | £100 |
| £160 | £200 |
| £200 | £250 |
| £300 | £375 |
| £400 | £500 |
| £500 | £625 |
| £600 | £750 |
| £700 | £875 |
| £1000 | £1250 |
Cost of credit 25% for a 30 day loan
The calculated APR% depends on the duration of your loan and will be presented to you when you apply.
Representative 1286.2% APR
The APR% for Payday Loans may seem high when you look at it. However, the setup fees and administrative costs of the loan are included and as most Payday Loans are paid over a period of no more than 70 days a yearly APR% might be misleading.
Pay day loans can be much cheaper than paying overdraft penalties, bounced cheques or unpaid bill charges
Representative Loan Example:
- Borrow £300 for 30 days
- Amount payable - £375
- Interest - £75
- Interest rate - 1286% (variable rate)
