Our Charges
Our Charges
We charge £25 for every £100 borrowed.
No hidden fees or document charges just £25 per £100 borrowed.
*A payday loan is repayable in full upon your very next payday unless you have agreed a payment deferral.
APR
1845%APR
Your APR seems high, why is this?
The APR or Annual Percentage Rate calculation is a useful tool for comparing loans where repayments are spread over 12 months or more. The APR calculation is not a useful tool for assessing a one month loan.
For example, if you borrow £500 and repay £625 then the interest is £125. £125 represents a repayment of £125 worth of interest which is 25% of the original loan amount. If you compared this to borrowing the same £500 at 16.9% interest over 12 months, then you would repay £970 which equates to 49% of the total loan amount..
In order to satisfy ‘best practice’ rules we are required to show an APR figure.
