Our Charges

We aim to get you the money you need. We’ll do it fast, and with the minimum amount of fuss.

Payday loans carry a fixed flat rate fee and nothing more.

The Representative APR for Payday Loans is 1737% (variable rate)

As an example of this representative APR a loan of £160 for 31 days would require that £200 be repaid, that is approximately £25 for every £125 borrowed. The interest rate on a payday loan is 1737% (variable rate)

The exact amount you will pay for a payday loan will be presented to you when you receive an email asking you to agree to the terms and conditions of the loan.

This is the only fee you will be required to pay, there are no admin or setup fees, no hidden charges. You can apply for any amount between £80 and £750.

For every £80 you borrow you pay £20.

Cost of credit 25% for a 30 day loan.

The calculated APR% depends on the duration of your loan and will be presented to you when you apply.

Representative APR 1737% (variable)

The annual percentage rate (APR %) for Payday Loans may seem quite high at first glance. 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 70 days a yearly APR% might be misleading.

In most cases taking a payday loan is much cheaper than paying overdraft penalties, bounced cheques or unpaid bill charges. Apply Now

Comparing Payday Loan to a Personal Unsecured Loan

A typical unsecured loan of £5,000 borrowed over 60 months:

• Payments would be approx. £135 per month.
• Total repayment £8109 approx.
• Typical APR rate 23.1%.
• The Actual Repayment rate: 62%.

Since this kind of loan is spread over 5 years the APR is indeed small but the actual payment over this period would be £3109 for a £5k loan which is 62% compared to 25% actual cost of credit of a payday loan Apply Now

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Don’t forget! Your payday loan will be repayable in full on your next stated pay day.