A payday loan is a short-term loan that should be used for short-term needs and is not appropriate for long-term borrowing or if you are in financial difficulty.
*We will need to speak to you to complete the affordability assessment, please be available during normal working hours on the number provided in your application
**Payments are normally made by BACs and will be in your account 2 working days after approval, you can pay an optional £7 to receive the loan on the same working day.
•Total amount of credit £250 for 30 days
•Total amount payable £300 in one
instalment of £300
•Total charge for credit £50.00 interest
•Interest rate 243.5%pa (fixed)
Representative APR 820.5%
When borrowing £300 for 30 days and using Faster Payments, you will pay:
The Money Shop £87.00
Payday UK £89.85
Prices correct as of 20/06/2013.
*The cost above from H&T includes an optional £7 Faster Payment fee, if you are able to wait 2 working days you could save even more!
We are committed to providing you with a transparent, fair and reasonable service as well as lending responsibly to our customers. Find out how a payday loan works, about the process, the communication you will receive, our eligibility criteria and what to do if you can’t repay.
The payday loans service is easy and convenient. I have recommended it to friends.
Eddie, H&T Customer
H&T are efficient and friendly. They provide a brilliant service.
Amanda, H&T Customer
A payday loan can be an expensive form of borrowing; however this loan is one of the cheapest available on the high street or online. Find out all the costs for a payday loan and compare costs with other providers.