Before you apply for a loan you need to think do you really need to borrow money? You also need to be sure you can afford to meet the monthly repayments and that these repayments are not going to affect your ability to pay other important bills.
You choose the repayment date monthly, and on that date we’ll attempt to collect the repayment from your debit card using continuous payment authority. You do have a right to cancel this authority, but we must remind you that if you cancel and you still owe any outstanding debt, you will need to provide an alternative method of payment to prevent the account falling into arrears.
If your payment fails on the day that it’s due, we’ll notify you of this. We’ll attempt one more time to collect the payment from your debit card the following day and if this fails we will attempt to collect the payment from the Guarantor. If the payment fails from the Guarantor we will try one more time to collect the payment. After this point we will not attempt any further payments without specific instructions from you or your Guarantor.
How much does it cost to borrow?
The below table shows you how much we charge over how many months.
Can I repay my loan early?
Yes of course, we will only charge you for the amount due at the point that you want to settle. Please give our collections team a call on 02071930499 to discuss further.