Interest rates range from 0-25%
You may be eligible for interest rates at just 0% if you’re able to fully repay the loan within 30 days.
For those that require a longer repayment plan to cover the cost of treatment, Payl8r will provide a quote at the outset which clearly outlines the terms. This ensures that there are no unpleasant surprises.
Using current interest rates, the following example shows a repayment schedule:
You borrow £200 over 12 months at an APR of 24% (fixed annual interest rate = 24%)
Monthly payment due: £20.66
Total interest charge: £47.92
Total interest + the principal amount you must repay: £247.92
If your circumstances change, you’re always welcome to repay earlier.