Typical Rates of Instant Cash Advances
It is better that you have a clear idea about the typical costs for the type of loan and its repayment before you apply. Our advance cash loans are simple and cost-effective.
|Typical Loan Details|
|Period of loan 30 Days||30 days|
|Interest Charged at APR||2339.3%|
|Total single payable amount||£195|
Its your responsibility to make sure that there are funds in your provided bank account on the repayment date.
Note: If funds are not available on the repayment date, you may be charged a penalty.
Isn’t APR 2339.3% too high for a loan?
Annual Percentage Rate (APR) is dependent on the time duration for which the loan is borrowed. A loan with 20 year duration will have a lower APR as compared to the one borrowed for a year. Mortgage and other secured loans are long-term loans and they have a lower annual percentage rate. This product is not an alternative for these loans. A cash advance loan supports you until you get your next paycheck. It is borrowed for a month or less and is therefore lent on a comparatively higher APR.
Typical examples of Calculating your Repayment Amount
|When You Borrow||You Will Repay|
Note: If this is your first time you are applying for a loan, you will pay £30 for each £100 borrowed.