The lender will begin the deposit process as soon as possible, and in most cases the cash will appear in the designated bank account within 1 business day. Repaying your loan. You will be given a repayment date, which will usually coincide with your next payday. Once you have been paid. As long as you pay the money back to the lender by the agreed date, you will not need to pay any extra fees or charges. After you have paid your loan, you will be able to apply for another if you need further financial help for following next month.
Lenders do not offer more than one payday loan to the same person within a month, but after this you are free to go through the process again.
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If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269.
44 which including the 3 fee paid from the loan amount, would have a total cost of 329. Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131.
67, with a total payback amount of 6,320. 12 which including the 8 fee paid from the loan amount, would have a total cost of 1,720. Representative 18.
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