Our Charges

The goal of  Payday Loan Lenders  is not only to provide you with a fast payday loan but also to minimise your charges. Payday Loan Lenders does not charge  any finder’s fees, or any other charges at any point in your payday cash loan. Your payday loan will only have a fixed flat rate fee.

For example , if you borrow £100 from us we charge you £25 interest.  In other words if you borrow £100 you  pay us back £125 or if you borrow £200 you pay us back £250 and so on. This works out to be a annual percentage rate of 1737% per annum (variable)

Why does the APR seem to be high?

The regulations  that govern financial payday loans companies, insists  that we must show you the Annual Percentage Rate (APR).

APR’s are calculated based on paying a fixed amount of interest annually. They are more suited for credit cards and mortgages, and do not suit payday loans.

If you borrowed £100 and paid back £25 every month for a year it would be very expensive.

However, payday cash loans are generally taken for a maximum term of 31 days, and so APR’s are not the most reliable way of measuring how competitive our rates are.

It is preferable to focus on the amount you pay back in total rather than on the APR. We are confident that we offer very competitive rates for our payday cash loans. You are welcome to check our rates with other payday lenders, and you will see how competitive we are.