Only 1 Payday Loan Charges
We charge 1p per £1 per day!
| Daily Interest Charge on £100 Loan | |
|---|---|
| £1.00 added on Day 1 | £1.01 added on Day 2 |
| £1.02 added on Day 3 | £1.03 added on Day 4 |
| £1.04 added on Day 5 | £1.05 added on Day 6 |
| £1.06 added on Day 7 | £1.07 added on Day 8 |
| £1.08 added on Day 9 | £1.09 added on Day 10 |
| £1.10 added on Day 11 | £1.12 added on Day 12 |
| £1.13 added on Day 13 | £1.14 added on Day 14 |
| £1.15 added on Day 15 | £1.16 added on Day 16 |
| £1.17 added on Day 17 | £1.18 added on Day 18 |
| £1.20 added on Day 19 | £1.21 added on Day 20 |
| £1.22 added on Day 21 | £1.23 added on Day 22 |
| £1.24 added on Day 23 | £1.26 added on Day 24 |
| £1.27 added on Day 25 | £1.28 added on Day 26 |
| £1.30 added on Day 27 | £1.31 added on Day 28 |
| £1.32 added on Day 29 | £1.33 added on Day 30 |
| The total amount owed after 30 days would be £134.77 | |
Full Repayment Plan
Total Amount
Days
Interest accruing every day for the 30 day loan.
Repaying interest on Day 15 saved £2.59 in interest over the duration of the plan.
Overdue and Defaulted Plan
Total Amount
Days
If you miss your repayment date your plan will then become overdue and fees will be added.
After 30 days of being overdue, if no contribution is made, your plan will default.
Defaulted Plan
Total Amount
Days
If no contribution is made within the 30 days after your plan is defaulted, further fees will be added and you could end up owing a substantial amount.