GOCAP on Supacompare

GOCAP focus on fair rates and affordability by linking your monthly payments to your salary. It helps you to afford your loan, not just when you receive the money, but over the whole term. They use Open Banking each month and if you get paid more, you pay the loan off quicker and, if you get paid less, your payment that month goes down and your loan takes longer to repay, but doesn’t cost you any more! Loans up to £5,000 (in £100 steps) and up to 3 years.

• Loans for employed customers from £1,000 - £5,000

• Terms of 12 months (1 year ) to 3 years

Representative Example: Assumed borrowing of £3,500 over 30 months at 25.3% APR representative. Monthly cost of £154.06. Interest rate of 21.70% p.a. (variable).

Assuming a 6% salary INCREASE p.a. monthly cost for months 1-12: £154.06; months 13-24: £163.30; months 25-28: £173.10; month 29 £121.08. Your actual APR would rise to 25.8%.

Assuming a 6% salary DECREASE p.a. monthly cost for months 1-12: £154.06; months 13-24: £144.82; months 25-31: £1136.13; months 32 £82.33. Your actual APR would fall to 24.6%.

In all above cases, and any other, the total amount repayable is £4,621.80, including £122.50 total fees.

Looking for a loan? Your financial PA, SuPA, is here to help you check your eligibility with GOCAP and many other UK lenders