Charges
& Fees
What's
the charges
and how much
am I allowed
to borrow?
You
can choose
to borrow as little
as £80
or upto £750,
this depends on
you meeting the
criteria. When
you apply here
online we will
tell you how much
you can borrow
from straight
away. The charge
is simply £25
per £100
you borrow, thats
all you pay. See
examples below
on the charges.
We
charge £25
for every £100
you want
to borrow nothing
else!
There
are
no administrative
costs
at any
point.
APRs
are a very
good
way of comparing
similar products
but are not
exactly clear
when
comparing
the
different
products.
The
table below
explains how
this all
works
:
As
you can quite
easily see
the
APR for the
two normal
loans are
exactly the
same but
the
actual interest
you pay as
a percent
of
the loan
is
quite different
indeed,
and a lot
lower
too with
a
pay day
service
that we
provide.
You
could also
compare our
fees against
an unauthorised
bank account
overdraft.
The UK banks
do not have
to quote APRs
for your
bank charges
on
unauthorised
lending but
the example
below states
how APR
works for
going overdrawn
even a
bit,
just by £5
and being
charged
a rather
large £25
charge
for doing
so as
well .
You can now clearly
see how much
you will be
charged, any
questions please
contact us.
