Our Payday Loan Charges
Magic Lend does not charge any finders or brokers fee for your Payday Loan.
The payday loan you receive will only have a fixed flat rate fee to be paid at the end of the month.
The costs below are average and they may slightly vary depending on which payday lender you are placed with. However you will be informed of the rate offered before receiving the loan.
When you borrow £100,we charge you only £24 interest.
Representative example on a loan of £200 repaid after 30 days:
Total charge for credit: £248
Payable in one payment of: £248
Interest rate: 292% p.a.
Representative 1223.6% APR (variable)