PERSONAL LOANS REIMAGINEDFind out more
Assessing your future and past to offer you better and fairer rates
SIMPLE AND FAST
Application process only takes a few minutes; no lengthy forms
Payments adjust to salary, making repayments easier to pay
Your payments are based on a
PERCENTAGE OF YOUR SALARY to IMPROVE AFFORDABILITY
That means, as you EARN MORE, your PAYMENTS
INCREASE and your TERM DECREASES
and if you have a period where you EARN LESS, your
PAYMENTS DECREASE and your TERM INCREASES
GOCAP has built in a MAXIMUM AND A MINIMUM
MONTHLY PAYMENT, so it’s not open-ended
The TOTAL REPAYABLE ALWAYS REMAINS FIXED, which means that the TERM OF THE LOAN IS VARIABLE
*Credit is subject to creditworthiness assessments and affordability*
You borrow £5,000 over 36 months. Interest rate: 11.75% per annum (variable). Representative Annual Percentage Rate (‘APR’) of 14.5% (variable); 36 payments of £164.01 per month, a total repayable of £5,904.36, plus £175.00 total fees.
Assuming a 6% salary INCREASE per year. You borrow £5,000 over 36 months. Interest rate 11.75% per annum (variable). Representative APR of 14.9% (variable); Payments would be for months 1-12: £164.01; months 13-24: £173.85; months 25-34: £184.28; and month 35 £7.24. Your actual APR would rise to 14.9%.
Assuming a 6% salary DECREASE per year. You borrow £5,000 over 36 months. Interest rate 11.75% per annum (variable). Representative APR of 14.0% (variable); Payments would be for months 1-12: £164.01; months 13-24: £154.17; months 25-36: £144.92; months 37-38: £136.22; and month 39: £74.72%. Your actual APR would fall to 14.0%.
In both cases, and any other, your total repayable is £5,904.36, plus £175.00 total fees.