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Bonus Loan repayment calculator
To see how much your repayments will be, simply fill in how much you want to borrow, and over how many months you want
to
repay your loan. You can choose to pay weekly or monthly – whichever is more convenient for you.
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BONUS REWARD EXPLAINED
If you borrow the maximum of £5,000 and make every repayment on time, for every 6th payment you make you will receive a Bonus Reward of £377.00. That means you would get a total Bonus Reward of over £2,262.00 paid back to you over the three-year term! |
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338.2% APR representative based on an annual interest rate of 553.9% (variable). Representative example: Borrow £340 over 26 weeks and repay £20 per week. Total repayment is £440 including a cash back bonus reward of £80 earned by making on-time repayments over the full term of the loan. Pay out assumed as cash and repayment made by debit card. Includes a £40 fee.
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** Please note that minimum and maximum repayment terms are specific to the loan amount, as follows:
| Net Amount of loan |
Minimum Term |
Maximum Term |
| £500 - £1,000 |
6 months |
12 months |
| £1,001 - £1,750 |
12 months |
18 months |
| £1,751 - £2,500 |
18 months |
24 months |
| £2,501 - £3,000 |
24 months |
30 months |
| £3,001 - £5,000 |
30 months |
36 months |
*** - All amounts assume a disbursement by CHAPS and repayment by Debit card and include an administration
fee.
Other disbursements/repayment methods will vary fees.. Please visit your local Oakam store for further details. |
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