February 5, 2012, 12:28 pm
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Charges for our Payday Loans

Simple to understand 25% fee on every loan amount

Our Payday loans carry a fixed flat rate fee and nothing more; no hidden charges, no fee for 1 hour funding and no hassle to apply. We lend amounts of between £100-£1000.

 

Amount Borrowed Amount to Repay
£100 £125
£200 £250
£300 £375
£400 £500
£500 £625
£600 £750
£700 £875
£800 £1,000
£900 £1,125
£1,000 £1,250

 

Annual Percentage Rate

APR stands for the Annual Percentage Rate, which is the YEARLY cost of a loan, including interest – expressed as a percentage.

APR is a figure devised for financial products that are repaid over a period of a year or more, such as mortgages, credit cards and automobile finance.

Because Payday loans are repaid on your next Payday, usually 30-70 days, and not, as these other financial products are, over a longer period, any comparison of APR with these products is misleading – as the below graphic illustrates.

 

Payday loan charges