& Pre Contract
How it works...
1. Do the on-line application.
2. Send in or scan basic info for decision.
There are no setting up or money transfer fees to worry about.
The credit is advanced usually in denominations of £85 or £100.
Provides a regulated fixed rate unsecured loan facility within an approved credit limit.
Repay early - no problem.
Take the loan out and repay at next pay day or request to leave the balance outstanding and
pay monthly at £20 per or £100 borrowed (maximum term is 10 months).
Interest is charged daily at 0.8% on the amount advanced (plan D), up to a maximum amount
never exceeding the amount advanced.
You may settle the loan at any time by requesting a settlement quotation. Interest charged is time dependent.
Use the online monthly update form.
There is no penalty for early repayment.
The agreement is regulated under the Consumer Credit Act 1974.
The facility is not designed for longer term borrowing.
A very simple way of raising short term finance - here's how
If this is the first time you've tried this system, you'll find it a refreshing change from a normal loan.
Electronic transfer using BACS - transfer times - weekdays typically within 2 hours.
Warning: Late repayment can cause you serious money problems.
For help, go to www.moneyadviceservice.org.uk