Charges, Rates, and Terms
Countrywide Payday is a licensed lending partner across the United Kingdom. Our online process is designed to get you the money you need with as little hassle as possible. Our terms for payday loans are:
Governing Law
The loan agreement will be governed by the Consumer Credit Act of 1974 and all other applicable United Kingdom laws.
Maximum Loan Amount
The maximum loan amount for United Kingdom residents will be £1000. New customers will be limited to a maximum loan amount of £300. An advance payment is not required for a Countrywide payday loan.
Our Charges
*We charge £50 per £100 borrowed for NEW loans!
You Borrow |
You Repay* |
| £80 |
£120 |
| £100 |
£150 |
| £200 |
£300 |
| £300 |
£450 |
| £400 |
£600 |
| £500 |
£750 |
| £600 |
£900 |
| £700 |
£1050 |
| £800 |
£1200 |
| £900 |
£1350 |
| £1000 |
£1500 |
| |
*Payable in a single payment on your payday.
Typical APR is 6760.89%
The actual amount repaid by you will often be less than that under longer term instalment loans. For example:
Type of Loan |
Amount |
Months |
Total
Repayment |
APR |
Total
Interest |
| |
|
|
|
|
|
| Instalment |
£500 |
36 |
£745 |
16.9% |
49% |
| instalment |
£500 |
60 |
£970 |
16.9% |
94% |
| Payday Loan |
£500 |
1 |
£750 |
6760.89% |
50% |
As you can see the APR for the two instalment loans are the same but the actual interest repaid as a percent of the loan is hugely different and much lower with a payday loan. This is why we focus on telling you very clearly how much you repay in total.
Extensions
You may request an extension of your loan by logging into your personal account, and selecting the “Request an Extension” link or by calling our Customer Services Team. Such requests must be received by 17:00* at least two working days prior to your due date.
*A one time 10% processing fee may apply
*All times listed refer to British Summer Time (BST) between the dates of 25 March and 28 October, otherwise all times are listed in Greenwich Mean Time (GMT).