Representative 728.9% APR

Representative example: £400 borrowed for 30 days. Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable)


1. Are you a Lender?
No, we are an online broker who works with a panel of lenders
2. What is a payday loan?
A payday loan is a small, short-term loan. It is also sometimes referred to as a "cash advance." It is, as the name suggests, intended to cover the borrower’s expenses until their next payday. It is an unsecured loan which means you don’t have to provide any collateral, unlike in the case of other bank loans.
3. When do I need to repay the loan?
In the majority of cases, payday loans are to be repaid within the period of 30 days, that is upon the borrower’s next payday.
4. What can a payday loan be
used for?
A payday loan is to provide short-term funding . The funds acquired in this way can be used to cover all the pending as well as pressing payments. For instance, you may want to pay house rent, electricity bills, telephone bills, grocery store bills, water supply bills, medical bills, tuition fees, as well as cover any unexpected expenses such as car repair.
5. How much can I get?
The amount of a payday loan you are applying for will be determined by the information that you have provided on your application form. The usual amount borrowed varies from £100 to £1000. However, the final decision on the loan amount will be made by the lender on the basis of your application form.
6. How do I receive the loan?
The loan amount will be transferred by the lender directly into your bank account.
7. How do I qualify for the loan?
Although the specific eligibility criteria differ from lender to lender, there are certain general requirements to be met in order to qualify for a payday loan and these include: being a UK citizen, being at least 18 years of age, having full-time employment (or a permanent source of income), earning at least £750 a month, having an active bank account that accepts direct debits. You will also be asked to produce a proof of identity.
8. How do I apply for a payday loan?
In order to apply, all you need to do is simply fill in a short application form that you can find on the lender’s website, providing the necessary details. Once the application has been filled in, you just click the “submit” button and wait for it to be processed. As soon as it is approved, you will be notified.
9. What information shall I provide in the application form?
When filling in an application form for a payday loan, you will be requested to provide the following: your name, surname, address, contact details, employment information as well as banking details.
10. How can I be sure the details I’m providing are secure?
We understand clients’ concerns about privacy and confidentiality of the information the client is providing has become our priority. Therefore, our site uses a range of security measures to ensure safety of your personal details. It uses a highly reliable SSL encryption technology and you may rest assured all the sensitive data transmitted between your browser and our website remain secure.
11. How long does it take to transfer the money into my account?
As soon as your application has been received, it is processed straightaway. If it is approved, you will receive the money on the next working day. If you apply during the weekend, you may have the money the following Monday.
12. Can I see the terms and conditions before I apply?
Yes. Before you apply, you will be shown the terms and conditions of a particular payday loan and you are not obliged to apply unless you are sure this specific loan is exactly what you have been looking for.
13. If I submit the application, does this mean I have to take out a loan?
No, it doesn’t. It simply means that you are considering your options. Even if you are offered a particular loan, you may still withdraw your request. However, if you wish to proceed with the application, you may do so by confirming your information and accepting the terms and conditions.
14. Can I still apply even if I have a bad credit history?
Yes, you can. The loans offered by our lenders are intended to help people even though their credit history may be less than perfect. We do not carry out any credit checks, however our Lenders may do, so you still need to meet the loan requirements in order to qualify.
15. Can I take out more than just one payday loan at a time?
No. Any payday loan must be repaid first before another one is taken out.
16. Is there a possibility of early repayment?
If you wish to pay back your loan earlier than scheduled, please contact your lender as you may be entitled to a refund of a part of your loan fee.
17. What happens if I’m unable to repay the loan as scheduled?
If you are unable to meet the repayment deadline, please contact the lender immediately and ask for a loan extension. Please note, we do no advise extending your loan. Repeated failure to repay the loan may lead to a legal action. The most important thing to remember is not to borrow money if you think you might have problems paying it back. Also remember that if you don’t pay back your loan, it may influence your credit rating as well as your ability to receive a loan in the future.
18. How often can I take out a payday loan?
Whenever you experience a financial emergency between your paydays, we are here to offer assistance. However, we strongly insist that all our clients use these loans responsibly and remember that a payday loan is only a short-term solution to one’s financial troubles and should not be used to tackle continuous or serious money problems.
19. What if I still have questions?
One of our priorities is to keep our clients informed of all the details, requirements and risks involved in applying for a payday loan. If, however, there are still some questions you would like to ask, do not hesitate to contact us via the feedback form we provide on our website.