Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Representative 305.9% APR.
The actual loan offer you may receive may be lower than what you applied for. This is because each loan application is analysed and dependent on personal affordability. Lenders will also consider loan period, income and outgoings, which may result in the requested amount being declined, but a lower amount being offered.
A Short Term High Cost loan should not be used as a long term solution. You should be aware that it may involve repaying a higher rate of interest, extending the terms of the debt and increasing the total amount you repay. If you are thinking of consolidating existing borrowing you should be aware that it may involve repaying a higher rate of interest, extending the terms of the debt and increasing the total amount you repay.
A guarantor is someone who agrees to back up your guarantor loan and steps in to make repayments if you don’t. Guarantors are usually friends or family members as these are the people who know you best.
Loanbeyond is a registered trading name of Ad Bounty flow Ltd which is an Appointed Representative of Blue Pearl Finance Limited, who are a credit broker not a lender. We are entered on the Financial Services Register under reference number 727235. Blue Pearl Finance Limited, incorporated in England and Wales (Company Registration Number SC328911, located at 272 Bath Street, Glasgow G2 4JR FCA Number 952976. Licensed by the Information Commissioners Office ICO number Z1966084. Ad Bounty Flow Ltd is registered in England and Wales (Company number 12751171), Registered Office; Suite 2, High Street, Soham, Ely, England, CB7 5HE.