How much will a payday loan cost me?

Payday loans are short term loans which can aid those who need cash at the last minute.

If an unexpected bill arises or you need a last minute home repair, payday loans can provide an ideal choice for those who need a short term fix but do not want to access an unauthorized overdraft or apply for a credit card.

Mr Lender is here to help you.

How much will it cost me?
Here at Mr Lender, we charge up to £35 interest for every £100 you borrow, so, for example the total amount payable when you borrow £100 will be £135.

There is an administration fee of £7 and same day bank transfer fee of £10.
If you have been accepted for a loan of £100, you will receive £83 into your bank account. That is £100 minus the administration fee and same day bank transfer fee. If you do not choose same day transfer, the balance will change accordingly to the correct fee amount.
Interest will be payable on the amount of credit, the administration fee and, where applicable, the same day transfer fee.

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