What Do I Need To Qualify?

• You must have an active bank account that has a valid debit card.
• You must be employed with a minimum salary of £400 per month.
• Your salary must be paid monthly into your bank account.
• You must be at least 18 years old.
• You must be UK resident.
• You also need a valid email address, landline and mobile telephone.

Loan-Arrangers Responsible Lending Policy

Our lenders offer payday loans between £50 and £1,000. The cash is transferred into your account soon after you apply (instant cash loans)*, and repaid on your payday. Your Payday loan can be any amount between £50 and £1,000.

When you apply for a payday loan, the lender that accepts your application will more than likely carry out a credit check. However, don't let that worry you. The lender will base their decision on whether to lend to you or not on more income related factors. The lender wants to know that you have a stable employment record, with an income good enough to service the loan and manage your usual outgoings. What they do not want to do is put you under additional financial pressure.

All Lenders Must

• Only lend to people that can afford to repay the loan
• Only lend what applicants can afford to repay
• Be transparent in all their dealings with their customers
• Be courteous and deliver high standards of service
• Maintain exceptional levels of customer satisfaction

All Lenders Must Not

• Target their lending at people with debt issues
• Not lend more than is affordable to repay
• Charge any hidden fees or processing costs
• Deal with people who's identity cannot be verified

By adopting this policy we are doing our utmost to ensure that we can satisfactorily help people arrange the short-term finance that they need, when they need it, and be totally happy with the service that we offer.

 

What Are The Charges

Payday loans carry a fixed flat rate fee - it is as simple as that. There are no hidden charges but some of our lenders charge a fee for administration. The cost of credit is generally around 29.95% for a 30 day loan so if you borrow £100 you will repay £129.95. You can borrow from £50 to £1,000, however some of our lenders will restrict the amount you can borrow to a maximum of £500 the first time that you take out a loan with them. As such even if your application is approved by a lender you may not actually qualify for the amount that you have applied for.
Please note that we deal with multiple lenders, whose interest charges and administration costs may vary. If your application is approved by one of our lenders, the actual costs will be presented to you when you are redirected to the lender's website to complete the application process.

You Borrow	Total Amount Repayable
£100	£129.95
£200	£259.90
£300	£389.85
£400	£519.80
£500	£649.74
£600	£779.70
£700	£909.65

The table above and the example below are for illustration purposes only, because the actual costs and charges will vary from lender to lender.
Once your application is accepted by a lender you will be redirected to their website to complete the application. The actual costs and also any charges (if applicable) will be illustrated to you. Make sure you are fully aware of exactly how much your loan will cost you before you agree to it!

Representative 2949% APR

Based on a total loan of £750 for a period of 28 days at a fixed rate of £29.95 per £100 borrowed (which is a fixed annual interest rate of 359.40%), the total amount payable in one lump sum payment on your next pay day would be £974.63 and the representative APR would be 2949% APR. At first glance the APR for payday loans might look quite high. It must, however, be noted that an APR, or Annual Percentage Rate, is the interest accrued in a year. As most payday loans run for a period of 31 days, this can be quite confusing and misleading. As mentioned before, the actual interest is 29.95%. An APR is a useful way to compare loans that are alike, but it is not quite so useful when comparing products that are not.

The following table illustrates this:-

Type of loan	Amount	No. Of Repayments	Total Cost	APR	Actual Interest Charged
Monthly Repayment	£500	36	£653	19.9%	31%
Monthly Repayment	£500	60	£766	19.9%	53%
Single Repayment	£500	1	£649.75	2949%	29.95%

Payday Loan Lenders

There are probably over 30 different payday loan lenders in the UK today with more appearing every month. The demand for payday loans at the moment is huge so it is useful to have a diverse range of lenders. Not all the lenders are the same. They have different criteria. Whilst you can apply to one lender and be refused a loan, another lender may gladly accept your loan application. Some lenders tend to cater for only customers with a very clean credit history whilst others perform no credit checks at all, basing their lending decisions on more up to the minute information such as employment, income and outgoings.

Trying to apply to all the different lenders would take you ages, but our systems allow you to apply to all of the lenders with just one application, saving you countless hours of time and effort. You will know whether you application has been accepted in minutes.

So to apply for a payday loan, simply click on the link above. You could have the money that you require within 24 hours and sometimes even on the same day depending on the time of your application*.