Our Charges

We charge a simple clear £25 for every £100 you borrow *. See the table below for details

Learn how to understand APR - an explanation.

Why does the APR Seem High?

Yep it does look big but regulations require us to quote the APR on a payday loan. However it’s really nothing to be afraid of because there’s a simple reason why the figure looks so high. We’d love to explain so read on!

APR or Annual Percentage Rate is used to show you how much interest you would pay on a loan taken over a year or more. This might be useful if you were comparing long term loan products repayable over 12, 24 or 36 months but not relative with a payday advance because you are paying this back within 31 days.

A payday cash advance is a short term loan designed to be paid back within 5 – 31 days. It has a single charge added onto the amount you pay back on payday so you could say the APR or ANNUAL rate is not that helpful in showing you a cost. When you annualise the one single charge you have to pay and multiply it (x 12 for example), that’s what makes the number look huge. Of course a pay day loan of say £200 will never be paid back over a whole year, this is not the service we are offering and that’s not what you need.

APR calculations are complex and not easy for the consumer to understand that’s why we believe it’s important to be to make it very clear from the start exactly what you will pay back on payday. Your small cash loan has one charge added so you know exactly what you will pay back making it easy to plan your budget for the month. So for example if you borrow £100 you will pay back £125. See the table above.

* Depending on which lender you are matched with this may vary between £20 to £29.98 per £100 borrowed.