Rates of Instant Cash Advance Loan
This is how your Speedy Quid loan repayments are calculated.
| Typical Loan Details |
| Period of loan 30 Days |
30 days |
| Loan Amount |
£150 |
| Interest Charged at APR |
2339.3% |
| Total single payable amount |
£195 |
If the funds are not available on the repayment date then you will be charged a fee of £12.
Debit Transactions will appear as “Speedy Q” on your account.
The explanation of the APR (Annual Percentage Rate) charged on your loan
APR 2339.3%
APR is dependent on the time period for which the loan is calculated.
The APR for one loan with a 30 day loan duration cannot be compared to the APR for another loan with a 20 year loan duration. The APR on your PayDay Loan PayDay Loan is an annualised rate but for the very short term, thus the rate should not be considered as comparable to the APR on for example, a mortgage or other long term loan.
Table of Examples
| You Borrow |
You Repay |
| £80 |
£104 |
| £120 |
£156 |
| £160 |
£208 |
| £220 |
£286 |
| £300 |
£390 |
| £400 |
£520 |
| £500 |
£650 |
| £600 |
£780 |
| £750 |
£975 |
Rates
Rates of Instant Cash Advance Loan
This is how your Speedy Quid loan repayments are calculated.
If the funds are not available on the repayment date then you will be charged a fee of £12.
Debit Transactions will appear as “Speedy Q” on your account.
The explanation of the APR (Annual Percentage Rate) charged on your loan
APR 2339.3%
APR is dependent on the time period for which the loan is calculated.
The APR for one loan with a 30 day loan duration cannot be compared to the APR for another loan with a 20 year loan duration. The APR on your PayDay Loan PayDay Loan is an annualised rate but for the very short term, thus the rate should not be considered as comparable to the APR on for example, a mortgage or other long term loan.
Table of Examples