Representive Example: Borrow £500 and pay £79.09 per month for 12 months at a fixed intrest rate of 140% per year. The total charge for credit is £449.01 (all intrest). The Total Repayable is £949.01. 278% APR Representive.

Apply online for £100-£200 and get a decision in minutes.

Warning: Late repayment can cause you serious money problems. For help and advice go to www.moneyadviceservice.org.uk

Charges

Itís really important to consider the total cost of the loan before you sign your agreement with the lender who has presented you with a loan offer. We have to stress to all applicants that you should only borrow money if you have the ability to pay it back as per your agreed payment schedule with your lender. On our application form, we will ask you questions about your outgoings in order to try and help you work out whether taking out a loan is a feasible option for you.

You can apply for any amount between £100 and £2000, over different loan terms, which range from one month to 12 months. Short tem loan lenders usually charge a fee instead of an interest rate. As a general rule of thumb, a £100 loan for a month has a fee of around £24, so you would be expected to pay back £124.

Representative 278% APR

Representative Example: Borrow £500 and pay £79.09 per month for 12 months at a fixed interest rate of 140% per year. The total charge for credit is £449.01 (all interest). The Total Repayable is £949.01.

APR Explained

All finance companies in the UK are required by law to display the interest rate using a calculated Annual Percentage Rate (APR). This is meant to make it easier for UK consumers to compare one finance deal to another. APRís relate to loans taken over a 12 months. If you take out a loan over a shorter period then it makes sense to look at the fees associated with taking out the loan, rather than just focusing on the APR.

Since January 2015, short term and payday loan lenders can now only charge interest of 80p per £100 borrowed for 30 days. You shouldnít pay anymore than £24 in interest as explained above. You should never pay back more than twice what you borrowed in the first place. For example, if you borrow £100, the maximum amount you will pay back should be no more than £200 when all interest, charges and fees are considered