When your loan has been approved you will be able to choose the day we send you the funds (Payout) and the day of the month you wish to make the repayments on (Repayment).

If the Repayment date you've chosen is not the same day of the month as the Payout date extra interest will be added to your first repayment. This is because you will have the funds for more that a month before the first payment and the interest for those extra days will be payable.

This means that when this happens your first repayment will be more that the rest. If the Repayment date you've chosen is the same day of the month as the Payout date no extra interest will be added to your first repayment.

This will be clearly set out for you when you are requesting funds from us once your loan has been approved.

This does not apply to the 7 Day Loan.