Loan Types Available
Mr Lender offer payday and instalment loans from 15 days to 6 months.
Loan Amounts Available
You can borrow from £100 to £1000. New customers can borrow a maximum of £500.
Loans from £100 to £300 can only be taken over a maximum period of 3 months, any loan over £300 can be taken over 6 months maximum.
Loans are funded Monday to Friday from 8:00am to 6:00pm. Saturday and Sunday from 8:00am to 3:30m and on Bank Holidays from 9:00am to 3:00pm.
Repayments will be collected from your debit card on your agreed repayment date.
If you are unable to meet your repayments, you should contact Mr Lender immediately to make alternative arrangements. They may charge you a one time fee of £15 for missing a payment and interest will continue to accrue whilst your loan remains unsettled.
The loan application process is completed online and a decision will be given to you the same day. There is generally no need to provide any documents such as bank statements. This lender, like nearly all other payday lenders, may look to verify your employment via a discreet phone call to you at work – they will never disclose where they are calling from or why they are calling.
How Are You Protected?
Mr Lender are members of the following trade bodies;
Authorised and regulated by the Financial Conduct Authority
Members of the Consumer Credit Trade Association
Loan Amount £500, duration 5 months (5 payments, payment 1 - £220, payment 2 - £196, payment 3 - £172, payment 4 - £148, payment 5 - £124). Rate of interest 0.8% per day. Total repayable £860 (based on a 30 day month). Interest rate 292% per annum (fixed). Representative APR 1,269.6%.