Fees vary by every lender or broker. They are often lower than bank overdraft fees and credit card interest. One example of a flat fee for lending is a £29.00 fee per £100.00 borrowed for a period of 30 days.
Some of the companies are charging their customers for fast funding service, which means that if you need the money transferred to you bank account the same day, you might be charged between £5.00 and £15.00 or more. Other companies are charging their clients for online application or for repaying the loan earlier. Always read carefully the lender’s Terms and Conditions before stepping forward for a loan application.
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