What is a payday loan?
Payday loans, often referred to as cash advances are short term cash loans for the odd emergency when people need to borrow money until payday. The application process is quick and easy and you could have your cash within hours.
How much money you can borrow?
You can borrow up to £1000, the amount will depend on the payday lender you use and whether you’re a first time user or not. If you are a first time user we recommend applying for a lower amount to get you used to the way a payday loan works, so that you don’t over stretch yourself financially.
Can I still get a loan if I have bad credit?
Yes, payday loan lenders will consider your current financial situation and the ability to repay your payday loan and cover your other financial obligations before they decide to approve your loan. Even if you have a poor credit rating you can still apply.
How do I repay the payday loan?
The lender will deduct the amount outstanding (loan amount plus their charges) through your debit card on your next payday. All you need to ensure is that there are sufficient funds in your bank account.
How much do payday loans cost?
The average rate is £25 for each £100 borrowed, although it can vary depending on the lender that will offer you a loan. Always check the terms and conditions of any loan offered to you before making your confirmation.
How quick can I get the cash?
Loan payouts differ from each payday lender, but in most cases the cash will be transferred within 24 hours. A few lenders will transfer same day if you apply before 3pm. Our application form takes just 2 minutes to fill out.
How do you qualify for payday loans?
You must be 18 or over
You must be a UK resident
You must have a regular income and an active bank account with a debit card
Do you require additional documents to get a payday loan approval?
No, you don’t need to fax any documents, just fill in the application form and we’ll give you an instant decision.
Can I get a loan if I am a tenant?
Yes, tenants are welcome too. Apply Here
What are the repayment terms?
A payday loan is usually repaid by the borrower on their next payday. Terms and conditions will also be applicable once your application has been approved by one of our payday loan providers. Please ensure you read these terms and conditions fully before you agree to the loan being offered to you.
Can I roll over my loan?
Some lenders will allow you to extend your payday loan for another month, but you are usually asked to start reducing the balance first. (Additional interest rates will apply for extended loan periods).
