Speed-e-loans.com Rates, Terms & Conditions

Speed-e-loans.com's online process is designed to get you the money you need with as little hassle as possible. Our rates and terms for payday loans are as set out below.

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 £250. An advance payment is not required for a speed-e-loans.com payday loan.

Loan terms

The speed-e-loans.com payday loan is a one (1) or two (2) pay period loan with a repayment schedule as follows:

• If you are paid monthly, your loan will be due on your next or the following payday.
• Finance Charge: The total amount payable by you on the due date is the loan amount and the finance charge. (See below for examples.)
• You can elect to pay the loan in full on the first scheduled payment date and only owe the first scheduled finance charge payment.

Extensions

You may extend (roll over) your loan a maximum of three (3) times by logging into your personal account selecting the 'Request An Extension' link or by calling our Customer Service Team. By making this selection, the principal of your existing loan will be 'rolled over' into a new loan with a duration of one (1) pay period. Extensions, partial payment and early payoff requests must be received by 17:00, at least two (2) working days prior to your due date.

For more information on extensions, click here to visit our FAQ page.

Finance charge

Your loan finance charge will be 1% per day plus a fixed funding charge of £4.95. Listed finance charges include any applicable taxes.

Sample speed-e-loans.com payday loan for a customer paid monthly:

Typical 2334% APR No advance payment is required

Terms & Conditions

1. We will pay the Amount of Credit into a bank account nominated by you.

2. You agree to repay the Amount of Credit together with the interest and any charges by the Repayments shown in the Key Financial Information section on the date(s) shown. Punctual payment of each Repayment is an essential term of this Agreement.

3. You grant us permission to debit all sums due under this Agreement from your debit or credit card using the details provided by you and agree that all payments will be made from the card unless some other method of payment is approved by us.

4. We will be entitled to demand that you repay the whole of the balance due under this Agreement if any of the following events occur:

4.1 You fail to make any Repayment on its due date;

4.2 You become bankrupt or are unable to pay your debts; or

4.3 You die.

5. If we do not enforce our rights under this Agreement at any time we will not be prevented from doing so later.

6. You may pay off the balance outstanding under this Agreement at any time. If you do then we may allow a rebate of interest. Any partial repayment you make will be applied firstly to pay interest and charges and then to reduce the Amount of Credit outstanding.

7. You agree that, to the extent permitted by law, we may communicate with you for the purposes of this agreement electronically using the email address provided to us. Any notice or demand we send to you by email will be assumed to have been properly delivered at the time of the completion of transmission by us if sent before 8.00pm or at 8.00am on the next day if sent later. Any other communication will be assumed to have been properly delivered when given, if served on you personally, or left or sent by prepaid envelope addressed to you at your current address. If sent by first class post it will be assumed to have been received by you 48 hours after posting. If you change your email or postal address you must tell us at once.

8. We may assign or transfer all or any of our rights under this Agreement which will not affect your liabilities or reduce your rights.

9. If you live in Scotland this Agreement will be governed by the laws of Scotland, otherwise it will be governed by the laws of England and Wales.