Payday Loan Charges
The Cost of Quick Loans - Charges for getting Payday Loans fast
Payday Loans carry a fixed flat rate fee. There are no additional costs involved: for every £100 you borrow you will usually pay £25 as interest, repayable on your payday or the date agreed with the lender.
The APR% depends on the duration of the loan. This will be presented to you when you apply.
APR usualy seems quite high at first glance, exactly because it reflects what
you would pay if you would choose to repay your loan, after a year. Unlike most
banks and credit card companies we do not charge set-up fees or administration
costs. Our lenders only charge one fixed rate that covers a short period of time.
You can apply for any amount between £80 and £1000.
Please see the table below for typical examples:
| Amount Borrowed |
Amount Payable |
| £100 |
£125 |
| £200 |
£250 |
| £300 |
£375 |
| £400 |
£500 |
| £500 |
£625 |
1737% APR Representative (variable)Representative Example: Borrow £300: Amount repayable: £375. Interest £75. Interest Rate 1737%. (pa)(variable)
We aim to offer a fast, understandable service. The cost is usually 25% of the borrowed amount and nothing more. Repayment is on your payday or the date which you agree with the lender. We are committed to bringing you the best service for finding quick loans. You may spend the quick loans on anything you like, from car repairs to holiday cash. Taking out a payday loan may not affect your credit score as long as you repay the loan in full on the agreed date. Payday loans fast applications ensure you have the money you need in a very short period of time.
Click here to apply online now.
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