Payl8r Online Integration Interest Bearing

Example amount (£50 minimum)

Deposit amount:

Choose a repayment term

*Important - the interest rate given is subject to credit. The above is an example only.

How it works

Select Payl8r at the checkout

Choose how long to spread the cost

Pay back over time automatically

Why choose Payl8r?

All credit types considered

6 - 24 month terms

0% interest periods available

Friendly support team

Will I qualify?

Be a UK resident

Have a regular source of income

Use online banking

Finance is subject to credit and affordability assessments.

How do we assess your affordability?

If you fail a traditional credit check, rather than rejecting your application we may give you the option to submit your affordability through Open Banking.

What will it cost me?

You can repay in full within 30 days at 0% interest or choose an interest bearing plan. Interest rates vary subject to status and start at 0.8% per month.

Missed payments may affect your credit file, future borrowing and incur fees.

Representative Example:

If you borrow £460.00 over 24 months at a fixed monthly interest rate of 1.50% and an annual rate of 18.00% and a representative APR of 36.4%, you will pay: Monthly payment: £26.07. Total repayments: £625.68. Total charge for credit: £165.68.

WAVE DIRECT LIMITED is an Introducer Appointed Representative of Social Money Ltd t/a Payl8r, a company registered in England under company number 08054296, and is authorised and regulated by the Financial Conduct Authority, and is entered on the Financial Services Register under reference number 675283. Registered with the Information Commissioner's Office under reference number ZA026178.