Rates and Terms

Speedy Cash offers cash loans called Wage Day Advance. This type of loan is repayable in full on your next payday. However, if your next payday falls within 21 days of signing your agreement, your loan will be due for repayment on your following payday. You can repay your loan in full or make partial payments towards your balance at any time.

Speedy Cash loans are suitable for short term financial needs only and should not be used as a long-term financial solution.

Loan Amount Interest* Total Repayment
£100 £21.60 £121.60
£250 £54 £304
£500 £108 £608
£750 £162 £912
* Calculation based on a 27 day loan
Representative Example
Amount of credit: £200.00 for 27 days.
Total Interest: £43.20 / Daily Interest: £1.60 per day
One total repayment of £243.20
Representative APR 1306.6%
Interest Rate and Interest Charges
Annual Interest Rate 292% (Fixed)
Representative APR* 1306.6%
Interest Rate 0.8% per day (21 day minimum)

Deferring/Extending/Rolling Over Your Loan

Wage Day Advance loans are not suitable for long term borrowing. It's important to know that extending your loan by deferring repayment of capital will cost you more and mean it will take longer to repay your loan. Please try and repay your loan as quickly as possible to reduce charges. It's also important to note that deferrals are permitted only at our discretion, are limited to a maximum of 2 occurrences, and are always subject to our assessment of creditworthiness and affordability. Late repayment of your loan may affect your credit rating. If your financial circumstances have not changed long term, but you have been affected by a short term unexpected expense, we may allow you to defer your loan.

If your finances have been affected long term, or you are experiencing financial difficulties, you should let us know as soon as possible so that we can explore other options available to you. Contact us to discuss on 0333 240 1375.

Loan Fees

Default Fees Fee Amount
Unpaid Direct Debit / Debit Card Fee £15.00
Default Interest (Interest charges will accrue daily if your principal loan balance falls into arrears, and will be charged up to a maximum of 60 days) 0.8% per day

Our APR Explained

The term APR stands for Annual Percentage Rate. It is the interest payable plus administrative fees expressed as an annual rate of charge. The rules and regulations that govern Consumer Credit providers like ourselves state that they must quote their APR before you (the customer) sign a regulated Consumer Credit Agreement.

ANNUAL PERCENTAGE RATE: The APR is the cost of your loan expressed as a yearly rate.

Borrow £200 for 27 days.
Total repayable £243.20 in a single instalment.
Total charge for credit £43.20 comprising interest only.
Interest rate 0.8% per day equating to 292% per annum (fixed).
Representative APR 1306.6%