Payday Loan Pay Off

A quick and easy loan designed to help people who want to pay off their payday loans and rebuild their credit profile. A good credit profile makes approval for larger loans, at better rates, more likely.

Payday Loan Pay Off

Worrying where to go after Wonga?

We want to offer our members the chance to pay off any their Payday Loans, consolidating their repayments into one monthly repayment straight from their pay. 

Loans of up to £1,000 are available to members who wish to pay off their payday loans.

This is a great way to build your credit profile and save for those rainy days.

The loan and savings account is ideal for anyone with poor, no or very little credit history. Our Payday Pay Off Loan must be paid over a maximum of 12 months at a fixed rate of 26.8% APR.

Plane Saver loans also have the added benefit of;

  • No early repayment penalties
  • No hidden fees or charges
  • Free life cover
  • Interest calculated on the reducing balance

At Plane Saver will do their utmost to help where we can, but we do have to make sure we lend our members, which means there may be occasions when we are unable to lend.

How to apply

The quickest way to apply is online via: https://planesavercu.co.uk/are...

Alternatively you can contact us on 020 8607 5020.

*Terms and Conditions apply.

So how do we compare?


Plane SaverPayday Lender
Amount£1,000£1,000
Term12 Months12 Months
Monthly Repayment£94.56£156
APR26.8%299.3%
Total Interest Charged£134.71£872
Total Repayable£1,134.71£1,872

*Comparison as at 19th September 2018. Payday lender Provident Personal Credit. Plane Saver Credit Union is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Firm Ref: 213609. 

Repayments Calculator
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Please be aware that this is not a loan offer and the figures quoted in this document are based on the Representative APR which may differ from the actual APR you qualify for after we have conducted a credit search. As a result, this should only be used as an indicative illustration.

The calculator is for illustration purposes only. Rates may be withdrawn at any time. We reserve the right to refuse any application.

At the Credit Union members' savings are pooled to provide the funds to pay out loans. In order to ensure that there is always enough funds members are asked to continue saving a minimum of £10 per month whilst repaying a loan.

* Loans are allocated at the discretion of the loans officers and are subject to terms and conditions set out in our loans policy.

Apply for a loan today!

If you’d like to apply for a loan, simply complete our online loan application and our team will get back to you.

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