Repayment charges for payday loans
Examples of the fee charged for typical payday loan amounts you might apply for, are shown in the table below. The bank account into which your wage is paid must either support direct debit, or have a debit card associated with it, because we use one of those methods to take repayment of your payday loan on your next pay day.
|
Loan Amount
|
Total Repayable
|
Fee Charged
|
|
£80
|
£103.60 |
£23.60 |
|
£100
|
£129.50 |
£29.50 |
|
£200
|
£259.00 |
£59.00 |
|
£300
|
£388.50 |
£88.50 |
|
£400
|
£518.00 |
£118.00 |
|
£500
|
£647.50 |
£147.50 |
|
£600
|
£777.00 |
£177.00 |
|
£700
|
£906.50 |
£206.50 |
| |
Our charge for credit is 29.5% - Representative APR 2814.2%
Representative Example
|
|
Interest Rate = 29.5% (383.5% pa) Fixed
|
Total Amount of Credit = £225.00
|
|
Interest = £66.38
|
Amount Payable = £291.38
|
|
Representative APR = 2814.2%
|
Duration of Deal = 28 Days
|
Note:
If your loan is approved and we receive your signed web agreement before 6pm, you could have your money the same day monday to saturday with the exception of applications received on a sunday, they will be processed the next working day. You can have your money sent by BACS to your account free of charge which takes three working days or you can pay an express service fee of £15, which is deducted from your loan amount, to receive your money the same day, next working day if you apply on sunday.
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