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Payday loans

For members with low and middle incomes, payday loans can be enormously expensive.  But Kent Savers has a much cheaper alternative!  Consider the examples below:

Pay day lender

Month 1:
- You have an urgent expense and don't have enough money for the rest of the month.
- You arrange a payday loan for £400.

Month 2:
- You pay back £400 plus interest and fees of £127, and now you are £527 short for this month.
- You arrange a payday loan for £527.

Month 3:
- You pay back £527 plus interest and fees of £167, and now you are £694 short for this month.
- You arrange a payday loan for £694.
- You have already paid £294 in interest and fees and still owe £694.

And so on.

Kent Savers

Month 1:
- You have an urgent expense and don't have enough money for the rest of the month.
- You arrange a Kent Savers Personal Loan for £400.

Month 2:
- You pay back £72.

Months 3 to 6:
- You pay back £72 each month.

Month 7:
- You pay back £68.25.
- You have repaid the loan and you have only paid £28.25 in interest and fees.

Find Us here:
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Kent Savers Credit Union Tel: 0333 321 9050 Email: info@kentsavers.co.uk Web: http://www.kentsavers.co.uk
Kent Savers Credit Union is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation and Financial Conduct Authorities - Firm No. 503258