Representative APR 1272% (Variable)
Representative Example: Borrow £250 for 90 days. Total amount repayable is £411.63. Fixed interest rate of 292% per year.
Payday loans are very popular and well designed and regulated loans in UK. From loan approval to repayment and from loan default to penalty, all parts of loan systems are well defined to save borrowers from bad practices of lenders and loan collectors. In past borrowers harassment and exploitation was very common in UK loan market. Government takes a positive step to appoint FCA as loan regulator, who has done a wonderful job to clean the market. About all fraudulent lenders and brokers are now out from market and working lenders and brokers are also working with responsible lending principle.
Representative Example: Borrow £250 for 90 days. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Fixed interest rate of 292% per year. 1272% APR Representative.
Copyright © TextLoans1000 2014-18|