Our Charges

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: £48

Interest rate: 292% p.a.

Representative 1223.6% APR (variable)