REPRESENTATIVE EXAMPLE. If you borrowed 2,000 over a 12 month period and the loan had a 3 arrangement fee (60), your monthly repayments would be 189. 12, with a total payback amount of 2,269. 44 which including the 3 fee paid from the loan amount, would have a total cost of 329. Representative 29. 82 APR. If you borrowed 5,000 over a 48 month period and the loan had an 8 arrangement fee (400), your monthly repayments would be 131.
The value of Cash Converters' online cash advance loans jumped 62 per cent in the six months to December to 8. 2 million. Its online personal loan book also grew to 44. 6 million, up 42 per cent. Payday lender Money3 also reported a jump in its online loan division, telling investors it was set to deliver "impressive returns".
The company on Friday reported a lift in revenue from online loans from 1. 6 million to 8. 6 million after purchasing online lender Cash Train.
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