Charges

We search the UK's top lenders to find you a suitable loan for your requirements. As a guide most lenders charge £25 per £100 borrowed but this rate can vary depending on the loan company who are able to supply you.

Payday31.com is a website owned by Quiddi Ltd. We have agreements with third party lenders in that we search and match you based on the information you provide with a lender willing to give you a loan. Please make sure that you read the complete terms and conditions provided by the independent, third party company that receives your loan application. Please note that Quiddi Ltd or its website brands are not a provider of loans and cannot guarantee that your application will be accepted by any of our 3rd party lenders. However we do have one of the biggest search tree systems for short term loans in the UK.

Please see typical example of charge structure below. Please note that this may vary depending on Third party loan provider.

You Borrow	You Payback
£100	£125
£200	£250
£300	£375
£400	£500
£500	£625
£600	£750
£750	£937.50

Annual Percentage Rate or APR is a common method for comparing finance that is lent over a period of 12 months or more but a Payday loan is set of a period of 1 month and therefore can be misleading for comparison purposes.

The below table demonstrates this:

Loan Type	Loan Amount	Months	Total Repayable	APR	Actual Interest
Installment	£2000	36	£2973.96	16.9%	49%
Installment	£2000	60	£3875.40	16.9%	94%
Payday Loan	£1000	1	£1250	1845%	25%