The borrowing limit for new clients is £100–£1000. Loans for short term cash have a minimum repayment period of two installments (which may be weekly or monthly, depending on the borrower’s payday date) and a maximum repayment period of six months. This implies that if you take out one of our short term loans UK, you are not required to pay back the whole amount on your subsequent payment. Five days is the minimum amount of time for the first installment. Current clients are eligible for up to a £1500 loan, provided they pass our affordability and credit checks. Although consumers are not required to repay their loans in full within 60 days, they are free to do so early without incurring any fines or costs. Our loans have a daily interest rate of 0.7% (representative annual percentage rate: 939.5%), which is solely applied on the outstanding capital amount at any given time.