Finance
Interest and Repayment
When you take a loan, interest starts adding up right from the beginning. But here's the catch: If you pay off the entire loan within a specific period, like the "Pay in 4 Period," the interest gets cancelled.
We also offer flexible ways to pay back your loan. You can choose to pay weekly, every two weeks, every four weeks, or once a month, depending on what suits you best.
Representative Example
Let's break down the numbers so you know what to expect. If you're buying something that costs £915, and you put down a deposit of £15, the amount you're borrowing is £900. The annual interest rate is 53.30%.
If you choose to pay weekly, you'll be looking at a payment of around £14.22. The loan term is 104 weeks, which means you'll pay a total of £1493.88 over the loan period. The representative APR is 69.9%.
If you choose to pay weekly, you'll be looking at a payment of around £14.22. The loan term is 104 weeks, which means you'll pay a total of £1493.88 over the loan period. The representative APR is 69.9%.
About Snap Finance:
What is Pay in 4?
Eligibility Criteria
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