Charges
Our lenders' payday loans include a fixed flat rate fee and no other additional charges. You can apply and pay no other additional
charges as long as you repay the loan plus interest on the date agreed with the lender. You can borrow any amount from £80 to £750.
For every £80 that you borrow you will normally pay interest of £20.
| Borrow |
Pay back |
£80 |
£100 |
£160 |
£200 |
£200 |
£250 |
£300 |
£375 |
£400 |
£500 |
£500 |
£625 |
£600 |
£750 |
£700 |
£875
|
Cost of credit 25% for a 30 day loan.
Representative 1737% APR (variable)
Representative Loan Example:
Amount Borrowed £300
Repayment Amount - £375
Interest £75
Interest Rate - 1737% (pa) (variable)
Typically the APR% for Payday Loans could look quite high at first glance. But taking into
account that all setup fees and administrative costs are included and
since most Payday Loans are paid over a period of no more than 28 days, a high
-in number- yearly APR% might be misleading.
In most cases taking a payday loan works out to be much cheaper than paying
overdraft penalties, bounced cheques or unpaid bill charges
| 
