What are the costs/fees for the Personal Credit?

Published on: 2024-10-25 11:48:10 +0100

Once eligible for Personal Credit you will have a total fee of £36, which is billed at 3 different times to split the cost. The first £12 of this is taken upfront, the second £12 and third £12 will be taken with your repayments for Personal Credit.

Personal Credit is repaid over 3 months with each repayment being one-third (1/3) of the loan amount exclusive of any fees to be paid.

Here’s a simple breakdown of the costs:

• Access Personal Credit:  Fee paid £12,  Personal Credit is paid to Pockit account

• 1st Personal Credit installment after 30 days: Fee paid £12 + repayment amount

• 2nd Personal Credit installment after 60 days: Fee paid £12 + repayment amount

• 3rd Personal Credit installment after 90 days: Only the final repayment amount