Warning: Late repayments can cause you serious money problems. For help, go to moneyhelper.org.uk. We are a broker not a lender.

Nov 6, 2019

Reasons to Apply for Unsecured Short Term Loans through CashPug

CashPug is an online broker empowering residents in the United Kingdom to apply for unsecured short term loans. One single application can lead a borrower to a large network of lenders. CashPug does not charge any fees. It simply facilitates the process. Here are the key reasons why you should consider this broker to access unsecured short term loans.

Applicants can choose an amount ranging from a hundred up to one thousand pounds. Applicants can choose from multiple options for their proposed repayment terms. The eventual repayment term will be chosen by the lender and a borrower can accept or reject it.

The specific terms of a loan and the monetary facts will depend on the arrangement between a lender and a borrower. The broker does not have any role to play in it. However, this broker does simplify the entire premise with its straightforward illustrations of typical loans. Applicants can actually calculate the kind of interest a lender will levy on a certain loan amount for a chosen repayment term. This calculation provides a fairly realistic idea of what to expect. Those who have never applied for payday loans or unsecured short term loans do not always have an understanding of the annual percentage rate and how the propositions play out in reality. The illustrations of the broker should help in this area.

The most important reason to use CashPug is the turnaround time. If successful, an applicant will receive an offer within minutes and the funds will likely arrive the same day.

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Representative example: if you borrow £550 over 18 months at a flat rate of 180% per annum (fixed) with a representative 770% APR you will make 18 monthly payments of £113.06, repaying £2,035.08 in total. Rates from 45.3% APR to 1721% APR. A short term high cost loan should not be used as a long term solution. We are a broker not a lender. We don't charge fees. We don't sell your personal information. We may receive a commission from the lender.

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