Charges
We will find you the money you need as quickly as we can. But as you would expect, the lenders we find will add interest to the money you borrow.
Payday lenders generally charge around £25 for every £100 your borrow, so if you borrow £100 you would pay back £125 or you could borrow £200 and then pay back £250, etc.
Why is the Representative APR so big?
Payday lenders don't actually charge thousands of percent in interest. The Representative APR is calculated by multiplying and compounding the actual period of interest to make it an annual figure. This is a distorted number and doesn't accurately represent the actual interest involved.
Have no fear! As payday loans are only ever short term, the interest would never reach this level.
