Payday Loan Charges

Payday loans have a representative APR of 767.9% (variable). When you apply the costs are clearly shown on your loan offer. So that you can decide whether to proceed.

Representative example: £500 borrowed for 5 months. Total amount repayable is £940.74 in 5 monthly instalments of £188.15. Interest charged is £440.74, interest rate 211.6% pa (variable).

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative 767.9% APR. Representative example: £500 borrowed for 5 months. Total amount repayable is £940.74 in 5 monthly instalments of £188.15. Interest charged is £440.74, interest rate 211.6% pa (variable).