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Is Starting a Side Hustle Worth It?

05th January 2024

After over a year of grappling with the cost of living crisis, many people in the UK find themselves financially squeezed, even while holding down a full-time job. To maintain their desired lifestyle, many have had to look beyond their main careers and turn to side hustles for additional income.

In fact, over half of UK adults currently have a side hustle, according to a recent survey by kindroom.com. The urgent need for extra money has prompted many to consider a side business as a potential solution.

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

How much would you like to borrow:

£200
£750
How long would you like it for?
3 months
6 months

Your monthly repayments are:

1
£
2
£
3
£
4
£
5
£
6
£
Total amount to be repaid:
£  
Annual percentage rate:
  % APR

Representative Example: £200 loan for 6 months at a fixed interest rate of 290% pa. Total amount payable is £359.70 in monthly instalments of £73.06, £71.73, £68.29, £56.37, £48.16 and £42.09. This is based on the amount of credit plus interest, no other fees apply. Representative 1265.8% APR


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