Responsible
Lending
Responsible Lending means that our products and services are appropriate for our consumers’ needs and are tailored to our consumers’ ability to repay.
It refers to our lending policies and practices that take steps to ensure that clients are treated fairly and that they benefit from the loans that they receive. It is our commitment to avoid over-indebting clients by offering well-designed products and carefully establishing the ability to repay. A payday loan is intended for short-term emergency needs. It is not appropriate for long-term borrowing requirements and it is given based on borrowers’ circumstances and affordability.
A payday loan is intended for
short-term
emergency needs.
emergency needs.
If you do not repay your loan, you may be liable for further interest and default charges. This may increase the amount you owe and will make it harder for you to pay it off. It may affect your credit rating and could make it more difficult to obtain credit in the future.
£300 and £2,000*
available within 2 hours
of final approval
We hold the following licenses and memberships:
- Kabayan Finance Ltd is authorised and regulated by the Financial Conduct Authority. Reference Number (FRN) 674390. You can confirm our registration on the Financial Conduct Authority’s website http://fca.org.uk/ or by contacting the Financial Conduct Authority on 0800 111 6768
- Information Commissioner's Office registration under the Data Protection Act of 1998: Z1871237
- Registrar of Companies for England and Wales – Company Number: 6903492
- Payment Card Industry – Data Security Standard (PCI – DSS)
- Consumer Finance Association (CFA)
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.
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 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.
