Loans with a low-interest rate are usually only provided to people with a good credit score and to those who borrow a significant amount. Payday loans always come with a high rate of interest because of the way lending works. One factor we have to consider, for example, is that we only lend for short periods of time. This means that we have less time than other lenders to make a profit.
As we mentioned, we have a new ‘Easy Start’ option which reduces the amount you pay on your first monthly payment. This is designed to help you get your finances back on track before you make your first big payment. We’ve also added an extra interest-free month to give you more time to repay your loan.
While payday loans might be expensive, we do offer good rates compared to our competitors. Click here to apply for an affordable small loan with relatively low interest, from Cashfloat.