Payday Loan Lenders: Speed-E-Loans
Speed-E-Loans is a new payday loan lender in the UK. This new payday lender has built their brand around the premise of providing speedy loans that is also common amongst other popular lenders such as Payday Express. This faxless same day payday loan for new customers will be provided between the range of 100 and 250 with a basic credit check; returning customers that have proven themselves will be able to apply for 1000 loan amounts and you are provided with online account management. Alike with Wonga, Speed-E-Loans will always charge an instant transfer fee. In this instance that charge is always 4.95. The interest that you pay is variable depending on the exact number of days the loan is taken out for (again similar to Wonga), although you are only offered two possible loan dates.
As an example, it was the early hours of Tuesday and I typed that I would be getting paid on Friday and then the Friday after would be the next pay date (weekly pay). For the first date I would have to pay on a 100 loan 3.15 interest (+ 4.95) (= 108.10), whilst the second date would be 10.15 interest (+ 4.95) (= 115.10). I also ran this for end of month pay for 100 and would have had to pay 22.04 interest (+ 4.95) (= 126.99) or for the next month 52.04 interest (+ 4.95) (= 156.99). So as you can see, the specific date you apply will alter the interest, but you can only pick two specific dates. The range on my given examples there of 8.1% in total charges all the way to 56.99% on that 100 loan shows that if you apply in close proximity to your pay date that you can receive a great deal. Rollover lending is available and they also provide their own prepaid Mastercard product.
Interest for a 100 Payday Loan:
Variable. In the example above, I had a few days before I would be paid and could have loaned 100 at 8.1% or for an extra week I could have had 15.1%! If I was paid monthly then for those near three weeks I would have been offered 26.99% or for the month after this date 56.99%. All of these percentages are of course full charges that include the 4.95 transmission fee.
Apply Now...
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(tags: cash lenders, faxless fast loans, speed loans, speedeloans, quick cash loans uk)
Speed-E-Loans is a new payday loan lender in the UK. This new payday lender has built their brand around the premise of providing speedy loans that is also common amongst other popular lenders such as Payday Express. This faxless same day payday loan for new customers will be provided between the range of 100 and 250 with a basic credit check; returning customers that have proven themselves will be able to apply for 1000 loan amounts and you are provided with online account management. Alike with Wonga, Speed-E-Loans will always charge an instant transfer fee. In this instance that charge is always 4.95. The interest that you pay is variable depending on the exact number of days the loan is taken out for (again similar to Wonga), although you are only offered two possible loan dates.
As an example, it was the early hours of Tuesday and I typed that I would be getting paid on Friday and then the Friday after would be the next pay date (weekly pay). For the first date I would have to pay on a 100 loan 3.15 interest (+ 4.95) (= 108.10), whilst the second date would be 10.15 interest (+ 4.95) (= 115.10). I also ran this for end of month pay for 100 and would have had to pay 22.04 interest (+ 4.95) (= 126.99) or for the next month 52.04 interest (+ 4.95) (= 156.99). So as you can see, the specific date you apply will alter the interest, but you can only pick two specific dates. The range on my given examples there of 8.1% in total charges all the way to 56.99% on that 100 loan shows that if you apply in close proximity to your pay date that you can receive a great deal. Rollover lending is available and they also provide their own prepaid Mastercard product.
Interest for a 100 Payday Loan:
Variable. In the example above, I had a few days before I would be paid and could have loaned 100 at 8.1% or for an extra week I could have had 15.1%! If I was paid monthly then for those near three weeks I would have been offered 26.99% or for the month after this date 56.99%. All of these percentages are of course full charges that include the 4.95 transmission fee.
Apply Now...
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(tags: cash lenders, faxless fast loans, speed loans, speedeloans, quick cash loans uk)
