Questions
What is a payday loan?
A payday loan is a product offered by lenders to meet your unexpected short-term financial needs. If you require cash right away, and do not want to go through a lengthy process with your bank, then a payday loan is right for you.
Do I qualify for a payday loan?
If you are a resident of the United Kingdom and at least 18 years of age and currently employed receiving regular pay by direct deposit, then you could qualify for a loan.
How much does it cost?
There is no charge to use the PaydayLoanAdvanceUK.co.uk matching service, however our responsible lending partners do charge fees. Fees vary by lender. An example: there is a flat fee of £29.98 per every £100 borrowed. There is no administration cost or hidden charges.
A Typical APR for a 31 Day Loan would be 2255% |
How much can I borrow?
Loan limits vary by lender. The average first loan ranges from £100 to £300. Once you have an established relationship with our lending partner, you could be eligible for a loan limit increase, however that is at the lender’s discretion. Your loan limit is based on your payment history and net income.
Do I need to send documents?
In most cases you are not required to send documents, however, we might need to verify your employment, which might require you to send in a document.
What If I need another loan after I pay off the first one?
That is not a problem. You can apply online again right away. The application is much simpler since the lender already has most of your information. All you have to do is log in and submit your new loan request and repayment date.
How long does the application process take?
It only takes a few minutes to complete the application. All you need to do is submit your information and you will receive further instructions if your request has been approved.
How do I get my cash?
If you are approved for a loan from one of our responsible lending partners, the funds will be deposited directly into your bank account.
How do I pay back the loan?
The loan will be automatically debited from your bank account on your repayment date. This will include the full amount and the lender’s fees. |
