Payday Loan charges

When you take out a payday loan, you will usually be expected to repay around £24 - £28 for every £100 that you borrow for 30 days. This is because the recently introduced FCA price caps.

Short-term loans can vary depending on how long you take the loans out for.

With a short-term loan, you may be offered the opportunity to revise your loan duration during your application, allowing you to pin point exactly how long you need the loan for.

Some lenders may charge other fees. If so, these will be made clear to you in the loan agreement.

Apply4Money.com does not charge any fees for loan applications or charge any membership fees.

If you are matched with one of our payday loan providers, you will need to pay the interest and charges associated with the offer from that lender. Because of this, the charges below are illustrative and we do not guarantee that this is the amount you will repay if you accept a loan offer.

Representative Loan Example

• Borrow £50 for 30 days.
• Total amount payable – £64.75.
• Interest rate p.a. 359%.
• Interest payable – £14.75.