Frequently Asked Questions

How long does it take to apply for a Payday  Loan and when will I receive my loan ?

Generally, you will receive an instant decision online in 2 minutes. In some rare cases you may be required to send in further information so it may take slightly longer as we  need to receive your documents.

How much can I Borrow ?

You can borrow from £100 up to £1000 depending on your personal circumstances.

Do I Qualify for a Payday Loan ?

You must be over 18, in a full time job  earning  a minimum of £750 and above per month and have your earnings paid directly into your bank account.

What are Our Charges ?

Please see the chart below but the general rule is for every £100 borrowed you payback an extra £25

Why does the APR of 1737% seem so high ?

Loan charges are £25 for every £100 borrowed. The Annual Percentage Rate (APR) seems high as it is based on a yearly interest charge but the payday loans are generally for only 1 month so the costs are much less.

Do you use credit reference agencies ?

Some of our payday lenders use credit reference agencies to help make a decision on your application. If you application is declined by a lender, your application is automatically passed over to further lenders. This gives you a much higher chance of approving your loan.

 Can I still apply if I have a bad credit history ?

You can still apply even if you have a bad credit history, as our lenders base a decision to lend on your current circumstances and only to borrow money for a short period of time of over 1-2 months and not on a yearly basis.

Can I still apply without a debit card ?

You do not always require a debit card to apply for a loan.

Ho w do I Apply ?

Please fill out your details on the application form on the Apply Now page . You will receive an instant decision online.

When will I receive the cash loan?

If you apply before 3pm you will receive the money the same day. If it is after 3pm, you will receive it on the following working day.

Where will you send the funds ?

The funds are paid directly into your bank account.

How do I pay back the loan ?

We will take the money from your debit card or bank account on your next payday.

Can I defer the return payment ?

Yes you can but after 2 months we will ask you to start paying back some of the loan. The interest payments remain at the current apr rate.

What if I have problems paying back the loan ?

Please inform us if you have any difficulties in paying back the loan and we will try our best to help you.

I am happy with your Company Services- What can I do ?

Please email us at sales@payday-loan-lenders.org.uk if you are happy with our service. We may even post your comment on our website.

Complaints

If you have any complaints please email us at sales@payday-loan-lenders.org.uk and we will try our best to assist you.