How Does it Work?
It's Quick, Easy and Flexible
Are you ready? OK....
Loan amounts vary between £50 and £400.
A payday loan is a short-term loan designed to bridge the gap until your next payday. A payday loan should only be taken if you are sure you can settle this loan in full on its schedule date. If payment is not received on the nominated date we charge reasonable default sum fees (a one-off charge of £12.00 for a failed collection on your nominated salary date). This helps towards us covering some of the costs of assigning a customer service advisor to communicate direct with the defaulting customer, arranging and restructuring the payment dates and all the costs of letters, post and telephony. We do not encourage you to enter into an agreement you cannot fulfill.
Example (with a Debit Card):
- Original loan amount £240.00
- 15 Days Until your next salary date costing £33.94
- So on your next salary date we will debit electronically one payment of £273.94 to settle your account in full
- Typical 2120.1% APR
Do I Qualify?
To apply for a payday advance you must be a UK Resident, over 21 years of age, in full time employment with your salary paid directly in to your bank account, this account must have a debit card running with it.
A cash card will not be accepted.
No application can be processed if you are unemployed.
How long will it take?
We will respond to your loan application within 3 working hours. We will confirm with you by email the approved or declined status of your application. If approved we will confirm with you by email the loan amount and cost of the loan repayable on your salary date. We will ask you to revisit our website, go to Existing Customer and complete the data required, this area is fully encrypted. Once we receive this data back we will send you a loan agreement electronically. If you wish to go ahead electronically sign and submit the agreement back to us and we will deposit your funds as per your deposit option.
WHAT ARE YOU WAITING FOR?