Payday Loans - No Hidden Costs
There are no hidden costs with our payday loans - you simply pay back whatever you've borrowed plus a fee of around 20-25% depending on which lender accepts your application.
So, for example, if you borrow £100, you repay £125 on your payday. Or borrow £500 and pay back £625.
It's as simple as that.
This works out at a high-looking typical APR based on a 30 day loan, but as you're borrowing over a very short period you may in fact end up paying less actual interest than if you borrowed that amount on your credit card and paid it off over a period of months.
Note the actual APR offered will depend on which lender accepts the application and this is not in the control of Tower Payday Loans.