Warning: late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.
Rates
Learn more about our short term loan rates. Consider Pay Penguin when you need a little extra.
Annual Percentage Rates or APRs can appear high. It's worth noting that this is the percentage rate across one year. A short term loan however is usually paid off in one month. Our example is a good way of understanding the costs involved.
What are the costs
Use our handy example to get a better idea of how much your loan will cost.
| Loan example | |
|---|---|
| Loan amount | £550 |
| Loan term | 18 months |
| Monthly repayment | £113.06 |
| Total loan amount | £2,035.08 |
Representative example: if you borrow £550 over 18 months at a flat rate of 180% per annum (fixed) with a representative 770% APR you will make 18 monthly payments of £113.06, repaying £2,035.08 in total. Rates from 45.3% APR to 1721% APR. A short term high cost loan should not be used as a long term solution. We are a broker not a lender. We don't charge fees. We don't sell your personal information. We may receive a commission from lenders when you take out a loan through us. The amount we're paid may vary depending on the lender and the product. You can ask us for more information about the commission we receive.
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Consider Pay Penguin when you need a little extra. It only takes a few minutes to apply for a short term loan.
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