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Representative Example Amount of credit £1,000. Total Amount Repayable of £1,490 by 6 monthly payments of £248.34 commencing 1 month from the date of the agreement. Duration of Agreement is 6 months. Annual Interest Rate is 98% flat (fixed). Representative 336.91% APR.
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The rate of interest applied to calculate the interest payable on this loan is 49% on the amount borrowed which equates to 98% per annum.
Representative Example Amount of credit £400. Total Amount Repayable of £456 on the 29th day. Duration of Agreement is 29 days. Annual Interest Rate is 168% flat (fixed). Representative 422.61% APR.
Compare high cost short term loans at www.mustcompare.co.uk
* The rate of interest applied to calculate the interest payable on this loan is 14% on the amount borrowed which equates to 168% per annum
Warning: Late repayment can cause you serious money problems.
For help, go to moneyadviceservice.org.uk.
