TheLoanSpot strives to offer the most reliable and affordable service in the market. For every £100 borrowed in our payday loans, we charge £25, plus a £5 fee to cover for the cost of money transfer. This is to ensure that you will receive your money quickly rather than wait for days. We may have different rates for our instalment loans depending on the amount you intend to borrow, but we will let you know just how much that would be before letting you commit. Other than that, there will be no hidden costs or charges, and you’ll know exactly how much you have to pay from day one.
However, it pays to know that there might be extra charges involved when you miss your payments because of failed collection. This is why it is important to make sure that you can afford the repayments. In emergency situations though, we can make allowances and so we request that you notify us immediately if you need to defer the loan payment.