£50 - £5,000 | 7% interest APR 101.64% |
£5,001 and above | 6% interest APR 84.96% |
It is a 6-month contract with no minimum payback period and a maximum payback period of six months. You will only pay interest on the amount of time you have had the loan out and are always in control.
At the end of 6 months, you can repay the interest to date, which gives you a further 6 months to repay the loan.
Loan amount: | £1,000 |
Rate of interest: | 84% per annum (fixed) |
Rate of interest: | 7% per month (fixed) |
Administration fee: | None |
Representative APR: | 101.64% |
Duration of agreement: | 6 Months |
Total amount payable: | £1,420 |
Repayment of credit: | One repayment of £1,420 in month 6 |
£6,000 Loan at 6% per month (84.96% APR) | £50 Loan at 7% per month (maximum APR) |
After 1 month - £6,360 | After 1 month - £53.50 |
After 2 months - £6,720 | After 2 months - £57.00 |
After 3 months - £7,080 | After 3 months - £60.50 |
After 4 months - £7,440 | After 4 months - £64.00 |
After 5 months - £7,800 | After 5 months - £67.50 |
After 6 months - £8,160 | After 6 months - £71.00 |
AUTHORISED PAWNBROKERS AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY FOR CONSUMER CREDIT ACTIVITIES.
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