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What is an APR? And what does it mean for me as a customer?

April 26, 2017Apr customer mean

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What is an APR? And what does it mean for me as a customer?

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An APR is an annualised percentage rate for a loan that would have been borrowed for a full year. Since our loans are borrowed for as few as eight days and limited to your pay date frequency, you will never be charged for a full year. Your loan is for a small duration with upfront fixed finances charges between £10 and £14.75 per £50 borrowed. There are no extra charges or hidden fees.