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Charges for Cash Loans

The lenders accessible through Jiffy Cash Loans carry a flat rate of interest charged as a one-off fee and repayable on your next payday, that’s anytime before 30-days from when you receive your loan. Please see the charges below for information on the charges, please note this is just for illustrative purposes.

jiffy cash loans

Your Loan Amount Your Payback Amount
£100 £124
£200 £248
£300 £372
£400 £496
£500 £620
£600 £744
£700 £867
£800 £992
£1000 £1240

Representative Example: Amount of credit: £200 for 30 days you would repay a single payment of £248.00. Interest is 292% per annum (variable). Representative 1269.7% APR

 

Why is The APR So High?

By law, all companies that facilitate or advertise credit, whether they are a lender or a broker, must display an Annual Percentage Rate for the services they are promoting.

APR’s represent the amount you repay on a loan per year, which is why they distort the true cost of a payday loan, which has a maximum term of only one month.

While APR’s are suitable for longer term products like instalment loans and mortgages, they do not fairly represent the true cost of payday loans.

 

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk