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APR |
Typical 8.9% APR
If successful, the interest rate you will pay is based on your personal circumstances, the time period over which the loan is repaid and the amount you choose to borrow |
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Interest Rate ranges |
Loan size From% To% representative APR*
£1,000-£25,000 8.9% 20.9% 8.9%
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Interest charging information |
The interest rate is fixed and guaranteed for the life of the loan and is charged monthly on the balance of your loan account on the day before payment date each month |
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Repayment period |
You can choose to repay your loan over 1 to 7 years |
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Amount of
Loan available |
Loans are available from £1,000 to £25,000 in increments of £1 |
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Application/
Arrangement fee |
There is no application/arrangement fee |
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Other fees |
If you choose the optional courier service to receive your loan agreements, £50 will be payable one month before your first repayment |
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Default fees |
The following charges will be made if any of the following actions have to be taken: If a Direct Debit is returned unpaid: Up to £25; Letter requesting payment or telephone call to home or business: £10; Pre-default notice: £30; Default expired: £50; Issues of solicitors letter, instruction of agency to collect the balance, instruction to solicitor to issue court proceedings or instruction to obtain new address: £50 |
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Early settlement |
You can repay your loan at any time during the repayment period. To do this you need to pay off the amount outstanding under this agreement, which may be reduced by a rebate |
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Illustrative example |
Loan Rate Term Monthly Total Range of
repayable APR's
£5,000 9.5% 3years £160.58 £5780.88 9.5%-11.5%
£7,500 8.9% 3years £238.81 £8597.16 8.9%-10.9%
£10,000 8.9% 5years £207.13 £12,427.80 8.9%-10.9%
The rate you are offered will vary between 8.9% APR and 20.9% APR depending on credit assesment procedures, your personal
circumstances and the amount you borrow.
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