Loan companies and what they charge in APR

[alanalana]

Pounds to Pocket

 

Representative 278% APR. Representative example: Borrow £500 and pay £79.09 per month for 12 months at a fixed interest rate of 140% per year.1 The total charge for credit is £449.01 (all interest). The Total Repayable is £949.01.

 

Welcome loans

 

Monthly Loan Repayments: £46.33

Application Date: 3/3/2013 processing Fee: £79.99

Requested Amount: £500 Loan Term: 12 months

Total cost of this £500 loan over 12 months is £635.95

 

Just stumbled upon this in my search of loan companies>>>>>quite shocking

 

http://www.standard.co.uk/news/education/payday-loan-companies-banned-from-campus-as-students-turn-to-sex-trade-to-pay-off-debts-8512524.html

 

DOSH loans

 

Best payday loans

As a responsible payday loans lender, we offer the best online payday loans and rates if you want to have money in your bank account fast. Unlike other lenders, we have a dedicated UK customer service team, always available to answer emails, take your calls and help you with your loan application. We do our best to make your loan application process as fast and hassle free as possible so you can have the money in your account on the same day. Usually, this means an instant online decision and a fast bank transfer, straight into your bank account. Whatever you need your loan for, we can provide the best payday loans to fit your individual requirements.

 

When you borrow from us, you choose how much you want to borrow (from £50-£1500) and how long before you pay it back (up to 30 days in the future). You fill out a simple application form telling us about your circumstances, but we there is no credit check. All we want to know is that you are in employment and getting paid and that the money you make is enough to cover the loan you wish to take out. In most cases, filling out the online form is all it takes and you can get bad credit payday loans instant decision!

Occasionally we may need a bit more information from you, which may include some documents that you can fax to us and still get your money on the same day. Our customer service agents are always at hand to make sure we receive your documents and can approve your loan quickly. As one of the best payday loans providers in the UK with great rates, we try our hardest to get you money when you need it most. Start your application now and the money could be in your account today. If you’re looking for the best payday loan companies in the UK then apply today!

 

Note: If you provide incorrect information we reserve the right to charge £2.50 to cover our processing cost

 

Back to My Account

New Loan

Title*

First Name*

Last Name*

 

Date of Birth*

Email Address*

National Insurance Number

 

Mobile Phone*

Home Phone*

Work Phone*

 

Postcode*

Homeowner?*

 

Address

House #:* Street:* Apt #: How long have you been at your current address?*

 

City*

Region*

 

What is the equity in your house?*

What other assets do you own?*

 

Upload proof of ID

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Upload Payslip

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Upload Bank Staments

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How much money you need?

 

How much money you need?(max £1500)

How many days you need?Days

Repayment date: Tuesday April 2 2013

Borrowing £100.00 + Interest £24.20 + Fixed fee £15.00 = Total to repay £139.20

How do you like to receive your payment?

 

Faster Payment £15 to £50

This service incurs a £15 for amount lower than £100, £20 above £100, £25 above £150, £35 above £200, £45 above £250 and £50 for amounts above £500

Bacs £free

(3 -4 working days)

Your income & payday loan details

 

Primary Income*

Company Name*

Time with Employer*

Head office tel no*

 

What industry do you currently work in?*

How long have you have had an UK Bank account?*

What is the average balance of this account?*

 

 

EmailPassword Help

home

how it works

about us

my account

Welcome to Wonga.

We can deposit up to £400 in your bank account by 04:51 today.

Existing customers may be able to borrow up to £1,000, depending on your current trust rating.

 

how much cash do you want?Max

£400how long do you want it for?Days

 

(Repayment date: Mon Apr 01 2013)Borrowing £400 + Interest & fees* £121.48 = Total to repay £521.48

 

 

Representative APR 4214%

*See representative example

APR is not the same as actual interest charged find out more

 

Wonga customers

 

populus survey of 2012 with over 25,000 respondents

Responsible lending

 

Wonga is committed to

responsible lending and the

Good Practice Customer Charter

 

Wonga loan £400 for one day =

(Repayment date: Mon Mar 04 2013)Borrowing £400 + Interest & fees* £9.50 = Total to repay £409.50

 

and 7 days = Borrowing £400 + Interest & fees* £33.50 = Total to repay £433.50

 

and at 14 days =

(Repayment date: Sun Mar 17 2013)Borrowing £400 + Interest & fees* £61.49 = Total to repay £461.49

 

and to borrow for one month = Borrowing £400 + Interest & fees* £129.48 = Total to repay £529.48

 

Do not go to this company there are better options if you are in need.

 

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[renegadeimp]

They cam charge what they like. THere are no caps yet. there are a few pdls that charge over 10,000%