Charges

This flat rate ensures you know what you’re paying for your fast payday loan and makes the repayment process clear and simple.

Fixed rate charges for your quick cash loans

Cash Loans to Beat your Overdraft

Receiving unauthorised overdraft charges can accumulate quickly and you could end up paying out as much as £150 a month or £1,500 over a year.

Charges up to £5 a day by the banks for exceeding your overdraft limit can spiral out of control and are often placed on top of regular account fees and charges.

Borrowing from a quick payday loan over a monthly period can keep these costs down. A £160 fast loan will cost you a standard £40, whereas going overdrawn for 1 month can cost as much as £150.

The cost of your quick payday loan is clearly stated by the lender and you won’t be charged with expensive administration costs or hidden fees.

Before borrowing from any lender you must always ensure you can repay the loan. You should reconsider taking out a loan if you are not sure you can repay the agreed costs within the loan period.

Understanding the APR

APR is the interest owed on the borrowed amount and stands for Annual Percentage Rate. The APR includes all charges discussed between you and the lender as an annual rate charge. By law lenders must make the APR known to the you before you sign the loan agreement.

At first the APR for quick payday loans may appear quite steep. This is because our lenders do not charge set-up costs or administration fees, which you will find with most banks.

Our lenders instead charge a clear fixed rate to cover a shorter scale of time.

Our lenders provide fast loans to people who require credit over a short amount of time. Borrowing over a 28 day period will give you the best rates.

Due to this the APR can seem slightly confusing or may make the decision to apply for a fast payday loan a little harder to assess.