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The extension will attract a higher fee. In some cases, the lender may accept the fee and renew the loan if you cannot pay the loan and the benefit of obtaining a personal loan according to the agreement. Anybody can take advantage of this loan option to get out of an unexpected financial mess if the person meets the basic requirements which include that the person must have a computer system and access to the Internet.
Apart from that, the required minimum age of 18 must be satisfied as well as a minimum monthly income of £1,000. Also, in conformity with the rules guiding Payday loan, no interest rates are attached to the loan but a regular fee of between £10 and £30 will be charged if you borrow £100. If you are in urgent need of the money, you may have to deal with the £25 that is the common charge if you borrow £100.
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