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.
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.
We appreciate your feedback so please do send any you have to;
Version 2.3 - App is a WebView. Fix S3 . Fix Logout
- MyAccount and MakePayment now work with instalment accounts
- Apply and Re-loans are included.
- Fixes on Make Payment start and expiry dates.
- Fixes to support the versions of Android (4.2 and 4.3 Jelly Bean Devices)
- Fix in Home status field in the apply screen
- Login screen now has better user experience.
Nexus 7 Tablet Support.