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Warning: Late repayment can cause you serious money problems. For help, go to Representative example: £400 borrowed for 30 days. Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable). Representative 728.9% APR.
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Kite Loans Blog

Interest rate rise and what it means to you

Posted 27th November, 2017

In a widely anticipated move, for the first time in over a decade The Bank of England have increased the interest rate from 0.25% to 0.5%. A 0.25% increase doesn’t sound like much, but what is the reality and why have they chosen now to implement a raise? So, why has the Bank of England raised the interest rate now? The bank has a legal mandate to keep inflation at 2%, but the rate has now hit... read more