compare a speed-e-loan to some leading uk high street banks

£150 unauthorised overdraft for 20 days*

Compare a speed-e-loans payday loan to Santander bank charges

Charges: £100
(£5 per day)

Total to Pay Back

£250.00

Compare a speed-e-loans same day loan to Halifax bank charges

Charges: £100
(£5 per day)

Total to Pay Back

£250.00

Compare a speed-e-loans cash loan to Natwest bank charges

Charges: £120
(£6 per day)

Total to Pay Back

£270.00

Compare a speed-e-loans payday loan to Lloyds TSB bank charges

Charges: £200
(£20 per day)

Total to Pay Back

£350.00

£150 speed-e-loan for 20 days

Speed-e-loans cash loan

Charges: only £34.39

Total to Pay Back

£184.39

* The above information is valid as at 1st Dec 2011 and sourced from the banks own websites

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Representative APR

Speed-e-loans.com Payday loan

Payment to Customer

Payment to speed-e-loans.com

Loan issued on
23/10/2010

£200.00

Fund loan

Pay Date 1
31/10/2010

£  20.95

Finance Charge

Pay Date 2
30/11/2010

£260.00

Finance Charge & Principal

Total amount payable to speed-e-loans.com

£280.95

Finance Charges for Payment Dates 1 & 2 and Principal

APR

1576.60%

Loan duration in this representative example is 39 days
The interest rate is 1% per day fixed, equivalent to 365% per annum
Representative APR 1849.00%

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