Better value, no hidden charges. Fast and easy, quick decision online. Convenient, straight to your bank. How much do you need. Your total repayment will be 654. 50. The cost is made up of an 15 establishment fee and a 4 monthly fee. The repayment amount is based on the variables selected, is subject to our assessment and suitability, and other important terms and conditions apply.
In order to qualify for a payday loans online uk you need to be over 18 years old. You also need to have some sort of income. The income may come from any source, such as employment, unemployment, pension, benefits, etc. You also need to have a valid bank account.
You can apply for a payday loan online 247 including holidays, Saturdays and Sundays. We take pride on quickly finding you a lender.
If it took you six months to pay the money back, youd have to renew the loan 13 times, paying 975 in interest. As noted above, this works out to an APR of 391. Now suppose you went to the bank instead and got a 500 loan for six months at 10 APR.
Your payment would be about 86 each month. In six months, youd pay less than 15 in interest less than youd pay in two weeks with a payday loan.
One problem is that most banks arent willing to make loans this small.
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