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Typical APR 2,623%
on a 30 day loan.

Cash Genie's Charges

We'll always tell you upfront exactly what the costs are. There are no catches or extra costs to worry about. You can also see a breakdown again when you confirm your cash advance after the application form. You can also login anytime and view your current cash advance and all previous cash advances. SMS messages and emails are also sent to help you track your applications and keep up to date with repayment details. The only way your costs can increase is if you fail to honour your side of the agreement.

No Application or Setup Fees

  • We do not charge any administration fees to set up the loan.
  • In order to transfer money the same day, charges may apply. Charges for same day payment are up to £20.00 which would be deducted from the loan amount deposited.
  • If you are happy to wait for funds to clear in your account, which may be up to 3 / 4 days, there is no cost.

APR's Explained

A great deal of confusion and misunderstanding surrounds payday lending. Initially, it may appear that APR's are high, however this is not the case. APR or annual percentage rate is a measure for comparing the costs of traditional loans that run for years. The APR is the amount you will pay in interest and fees over a year. For certain financial products - short term cash advances, or any loan less than a year - the APR is not a useful comparison tool. For example, Cash Genie laons run for an average of 21 days, so an APR which was designed to compare interest and fees charged for loans of several years does not reflect the true picture.

Using the APR when considering a Cash Genie loans is a bit like planning a short hotel stay using the cost expressed as if you were to stay all year. "How much is it to stay here?" - "£25,000 per year. How many nights would you like?".

Some people think the fees seem expensive, but they forget that these are very small cash advances for short term purposes only - just days or weeks. It's also the fastest and most convenient way to borrow. You can you get up to £750 in seconds around the clock.

The actual cost of your loan

Our charge for credit is 30 pence for every 100 pence borrowed. If you borrow £100.00, you would simply repay £130.00

* Further charges may apply if you default on your loan, do not repay your loan on the agreed date. Full details can be found in the terms and conditions.

Typical APR 2339%

To find out more about the APR charges, check out the article 'Cash Genie Explains High APR for Short-term Loans' at: http://www.cashgenieblog.co.uk