What is a Payday loan?
A payday loan is a cash advance that can solve temporary cash flow problems by bridging the gap between paydays. An advance on your payday can often be a cheaper alternative than other solutions to short term cash flow problems.
A Payday Loan is fast, discrete and gets you the money you need when you need it most. A Payday loan can help avoid costly bank penalties for bounced-cheques and overdrafts.
How do I get a payday loan?
Applicants for a payday loan begin by filling out and digitally signing the online application. Once your application is submitted, our lenders will review it and notify you directly or by email about your status. If your payday loan is approved, you will receive the funds from the lender today or the next business day however sometimes this may take up to 48 hours. All applicants receive their status via email.
How much can I borrow?
As an applicant applying for the first time you can choose in the range of 80 - 750 pounds. After you repay your first loan, you can borrow as much as £750.
Does having a bad credit history affect my application for a loan?
Having a bad credit history does not necessarily affect your loan application. In general our lenders look at your current financial performance. This way they ensure that you will have enough money in your account on Payday to cover your Payday Loan repayment, as well as meet your other financial needs.
Is it possible to roll the loan over to the next payday?
This is possible. However, we do not recommend rolling over payday loans. We want to ensure that you can afford to pay back the lender we introduce you to. You should think carefully before you apply for a loan and make sure you only apply for an amount you are confident you can comfortably afford to repay within the loan period.
How much does a PayDay loan cost?
The interest on a PayDay loan is usually £25 for every £100 borrowed. For example, if you borrow £200 the total interest is £50. When you need an instant solution to a financial crisis, Our Payday Loan finding service provides you with that short-term solution to your problems.
How quickly can I receive my loan?
Your Payday loan can be received into your bank account as quickly as the same day. There are certain banks however that need more time to clear the funds paid into your account. In such cases the funds are cleared within 1-2 days.
