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Is peer to peer lending the same as family lending?

13th January 2021

Have you ever found yourself in a situation where you needed fast cash because something unexpected came up? If you’re reading this, the answer is probably yes. But rest assured, you are not the only one. You might have even considered taking out a loan to help you through the temporary financial shortfall and you are certain you’ll be able to pay it back.

WARNING: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Multi Month Loans

How much would you like to borrow:

£200

£750

How long would you like it for?

3 months

6 months

Your monthly repayments are:

Total amount to be repaid:

Annual percentage rate:

New Customer

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £355.99 in monthly instalments of £65.11, £78.35, £64.05, £58.76, £48.16 and £41.56. This is based on the amount of credit plus interest, no other fees apply. Representative 1266.2% APR

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Is peer to peer lending the same as family lending?

How much would you like to borrow:

Your monthly repayments are:

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