The fintech out to eliminate lending that is payday

The fintech out to eliminate lending that is payday

Cheq is an initial of their type ‘Pay On need’ solution which allows working Aussies to access their future wages instantly.

The fintech enables customers access to as much as $200 and costs a fixed deal fee of 5% without any extra charges or interest, that is paid back via direct debit in your next future payday.

That charge is well underneath the yearly 52% to 1,000% that Cheq stated Aussies are increasingly being charged by numerous payday loan providers on comparable quantities.

CEO and co-founder Tarek Ayoub stated Cheq would like to expel lending that is payday assist the nearly 6 million Australians presently residing paycheck to paycheck. Continue reading “The fintech out to eliminate lending that is payday”