Representative 277.5% APR. Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable).
Paydayloans in the UK is simply for those are in need for short term cash for an emergency situations where their payday is not soon. Payday loans can sometimes be useful for fixing those appliances which unexpectedly stopped working or unexpected bills that needs paying.
Payday loans for £100 normally have a interest rate of 24%.
Therefore, your repayment would be £24 per £100 loan.
£100 * 24% = £24 = £124.
Our Lenders on our network may offer loans with 261% – 1324% APR, which can vary per lender accepted. Lenders accept and decide the interest rate based on certain lending criteria adopted.
The applications process requires you to submit your personal information via a simple one step online payday application form. Once completed, the form will. You will then receive an immediate response, connecting you to an appropriate lender.
In an event where you cannot make a payment on time, it may result in NSF or late fees added on to the existing balance owed. If your payday loan account becomes delinquent, it may be sent over to a third party debt collection agency who will continue chasing for a status of the loan and could impact your credit score file. This may decrease your chances for future borrowings with credit lenders. Your loan will not automatically renew without prior approval from yourself. If you renew or, “rollover” (also known as payday loan extension your loan), the principal may not be reduced, and you will owe additional fees and/or interest and will be collected on the payment date you wish to extend to.