Charges
and what
it costs.
What
is the amount
I can borrow
from you for
a payday loan online?
You can lend
from just £80
up to £750,
this will depend
on your present
status. When you
apply we will
tell you how much
you may borrow
from us straight
away. The charge
is a flat £25
per £100
you lend, thats
all there is.
See examples below
of the charges
for the products
we provide.
View
the chart below
on
APR's and how
it works, you
pay
just £25
for every £100
you borrow.
As
you can quite clearly
see the APR for
the two instalment
loans or our service
are exactly the
same but the actual
interest you pay
as a % of the loan
is quite varied,
and a lot lower
too with a payday
loan online service.
You
could also compare
our products against
an
unauthorised bank
over draft your
own
bank charges you.
The
UK banks do not
have to quote APRs
for your fees
on unauthorised
borrowing but
the
example below
shows
how APR works
for
going overdrawn
just a bit, even
by £15
and being charged
a rather expensive £25
charge for doing
so too.
For
a payday loan online
you just pay £25
for every £100
you borrow from
us. APR is based
on an annual
and yearly rate.
