compare a speed-e-loan to some leading uk high street banks

£150 unauthorised overdraft for 20 days*
	Charges: £100 (£5 per day)	Total to Pay Back	£250.00
	Charges: £100 (£5 per day)	Total to Pay Back	£250.00
	Charges: £120 (£6 per day)	Total to Pay Back	£270.00
	Charges: £200 (£20 per day)	Total to Pay Back	£350.00
£150 speed-e-loan for 20 days
	Charges: only £34.39	Total to Pay Back	£184.39

* The above information is valid as at 1st Dec 2011 and sourced from the banks own websites

Representative APR

Speed-e-loans.com Payday loan	Payment to Customer	Payment to speed-e-loans.com
Loan issued on 23/10/2010	£200.00		Fund loan
Pay Date 1 31/10/2010		£ 20.95	Finance Charge
Pay Date 2 30/11/2010		£260.00	Finance Charge & Principal
Total amount payable to speed-e-loans.com		£280.95	Finance Charges for Payment Dates 1 & 2 and Principal
APR		1576.60%
Loan duration in this representative example is 39 days The interest rate is 1% per day fixed, equivalent to 365% per annum Representative APR 2243%