Our
Charges

You Borrow You Repay
£100 £120
£150 £180
£200 £240
£250 £300
£300 £360
£350 £420
£400 £480
£450 £540
£500 £600
£550 £660
£600 £720
£700 £840
£800 £960
£900 £1,080
£1,000 £1,200

How much does it cost to get the "Cash Advance" loan?

Our charges are amongst the lowest of all UK payday loan companies. We charge £20 for every £100 borrowed. Our interest charge is fixed and will not change, so that you know exactly what it is at all times. This could mean that the relative cost of borrowing for a period of say 7 days and repaying will be relatively higher than if you borrow for 40 days; this is because the interest charged will be the same for both periods. The calculated APR will vary depending on the amount and the period of the loan and will be provided to you clearly and in good time when you apply.

Your funds would be deposited to your bank account within 2 hours of final approval of your loan application for a £5 Faster Payment Service Fee. Kabayan Finance is charged in providing the service.

The representative APR on a loan repaid after 29 days including the £5 Faster Payment Fee is 1080.3%. The APR will be significantly higher the shorter the duration of your loan.

How much does it cost to get the
"Kabayan Instalment" loan?

Please see below for some illustrative examples of the repayments required for loans of £500 and £1,000. You will be provided with full details when we send you your Loan Agreement, Pre Contract Information and Important Information About Your Loan.
  • For a repayment term of 3 months we charge an 11.66% monthly flat interest rate
  • For a repayment term of 6 months we charge an 8.33% monthly flat interest rate
  • For a repayment term of 12 months we charge a 7.5% monthly flat interest rate
Loan Amount £500
Repayment Term Faster Payment
Fee Day 1
Followed
by
Total
Repayable
Monthly interest Rate Flat APR
%
3 months £5 3 payments of £225 £680 11.66% 570.1
6 months £5 6 payments of £125 £755 8.33% 347.3
12 months £5 12 payments of £79.16 £955 7.5% 280.3

Loan Amount £1000
Repayment
Term
Faster Payment
Fee Day 1
Followed
by
Total
Repayable
Monthly interest Rate Flat APR
%
3 months £5 3 payments of £450 £1,355 11.66% 552.1
6 months £5 6 payments of £250 £1,505 8.33% 339.8
12 months £5 12 payments of £158.33 £1,905 7.5% 276.0

How can I repay the loan?

Repaying your loan could not be easier. There is no need for you to call us on the repayment date. Your repayment will be debited from your bank card, details of which were provided during the application process.

What happens if I do not repay my loan on the due date?

We will make every effort to contact you to discuss repayment arrangements and will be sympathetic if you are having difficulties in repaying.

What happens if you have to write to me about late payment?

We will charge you £2.50 for each of the first 2 letters that we have to send you requesting the payment. If we have to send a third letter this will incur a £10 late payment charge. We will send up to 4 letters if we are unable to contact you whereupon we will review your circumstances and decide what the realistic best options are.

What about interest charges?

We will charge you interest on the overdue amount outstanding that you borrowed at the interest rate set out in the loan agreement. We will not charge interest on interest or allow interest to accrue over time to a level that we consider you will not be able to repay in a short period of time.

Are there any other costs?

If you default and do not make acceptable arrangements to repay then we may take steps to enforce repayment through a court; you may have to also pay the direct legal costs we incur.


Representative Example Amount of credit £500. Total Amount Repayable of £750 by 6 monthly payments of £125 commencing 1 month from the date of the agreement. Duration of Agreement is 6 months. Annual Interest Rate is 100% flat (fixed). Representative 332.4% APR.

Compare high cost short term loans at www.choosewisely.co.uk

* The rate of interest applied to calculate the interest payable on this loan is 50% on the amount borrowed which equates to 100% per annum.



Representative Example Amount of credit £300. Faster Payment Fee £5. Total Amount Repayable of £365 by 1 payment of £5 (fee) on signing and a final payment of £360 on the 29th day. Duration of Agreement is 29 days. Annual Interest Rate is 240% flat (fixed). Representative 1080.30% APR.

Compare high cost short term loans at www.choosewisely.co.uk

* The rate of interest applied to calculate the interest payable on this loan is 20% on the amount borrowed which equates to 240% per annum
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
 
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