Pay Day Loan
your money your hands
Payday loans, sometimes referred to as cash advances or payday advances, are short-term loans used by people with emergency expenses or immediate money needs. Payday loans typically range between £50 and £1500† and are borrowed until your next pay date. On your due date, which is usually your next pay date, the loan amount and finance charge is automatically withdrawn from your bank account or debit card (depending on which repayment form you choose). At this time, your transaction is complete.
Payday Loans are designed for easy access to credit – most lenders will accept all manner of cases and will have very simple criteria. This usually means applicants must: be at least 18 years of age, have a minimum monthly income (around £300 or less) and be a UK resident. These payday loans (no credit check is required) are processed on application and money is received quickly – often the same day.