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Rates
Rates vary depending upon individual cicumstances.
The minimum rate charged will be 10% with a maximum rate of 15%.
The typical rate payable is 12.5%
Charges
A 1.5% Arrangement Fee is charged at the outset.
An annual Monitoring Fee of 1% is also payable.
Typical Example
Example £15,000 loan - repayable over 60 months
Interest rate 12.5%
Arrangement fee 1.5% £225
APR 13.9%
60 monthly repayments of £337.47
Total repayable £20,248