Mr Lender

The Mr Lender app allows you to apply for a short term payday loan or instalment loan. It also offers loan management for existing customers and we have added a game called 'Grab The Money' to help pass the time in moments of boredom.

Cost of borrowing:
Mr Lender charge 0.8% per day for every £100 borrowed.

Typical APR:
1,270.1%

Representative example:
Loan Amount £300, duration 3 months (3 payments, payment 1 - £172, Payment 2 - £148, Payment 3 - £124. Rate of interest 0.8% per day, Total repayable £444.00 (based on a 30 day month). Amount transferred in this representative example will be £300. Interest Rate 292% per annum (fixed). Representative 1,270.1% APR.

Late fees and non-payment:
Mr Lender has no hidden fees and does not charge any late fees.

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We appreciate your feedback so please do send any you have to;

Email:
app@mrlender.co.uk

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