Affordable Loans
At Scotcash we provide personal loans starting from just £50. We provide a cost effective alternative for loans where a bank or building society cannot help. Loans are based on your current circumstances, not your past credit history.
We offer affordable, fixed regular repayments to suit your financial situation and you have the option of paying weekly, fortnightly or monthly with flexible repayment dates. All Scotcash loans are repaid through your bank account by direct debit so there are no home visits or cash payments required. If you don’t have a bank account we can open a basic bank account for you.
After a face to face meeting with one of our loan advisers, we can usually give you a decision on the same day. If the loan is approved, funds will be transferred direct to your bank account within 3 working days.
|
Representative Example |
|
Loan |
£500 repayable over 52 weeks |
|
Admin Fee** |
£25 |
|
Weekly Repayment |
£10.76 |
|
Total Amount Payable |
£584.52 |
|
Annual rate of interest |
25.00% |
|
Representative APR* |
39.13% |
*This APR relates to these loan terms. Changing the loan amount and/or the repayment term can increase or decrease the APR.
** Admin fee is payable up front and only becomes due when you have entered into a legal agreement with us.
|
Comparison |
|
£500 over 52 weeks |
Scotcash |
Provident** |
|
Loan |
£500 |
£500 |
|
Admin Fee |
£25 |
- |
|
Weekly Repayment |
£10.76 |
£17.50 |
|
Total Amount Payable |
£584.52 |
£910.00 |
|
APR* |
39.13%* |
272.2%* |
|
Total Saving |
£325.48 |
|
* Rates may vary
** Loan featured on www.providentpersonalcredit.com as at 23rd February 2011