You can borrow from £100 up to £2000 for up to 2 years. Here we have provided just a few loan examples, displaying the amount borrowed and the total amount payable (including interest and fees). The loan examples below are calculated using a 35 day borrowing period.
For example, £200 borrowed for 35 days. Annual interest rate of 292% (Fixed). Total amount payable is £256. 1212%APR Representative.
Quick access to cash advances for salaried employees
Accessible for people with all credit history's
If you pay them back according to the loan agreement then they can help you rebuild your credit history
The application process if very simple and usually quicker than conventional credit applications
If paid back on time, limited liability
As you have an agreed repayment figure and you're not in debt for very much and not for long
High interest rates
Can spiral out of control if used for long term borrowing
Not paying them back can damage your credit rating
Payday Loans can worsen your debt as they increase your monthly outgoings
If you have a good credit history they are a really expensive loan and shouldn't be treated as your first option to obtain credit