Borrow from £100 to £25,000
- Apply For £ 50 - £ 1,000
- Fast Payout
- No Fees
- Secure Application
- Available 24/7
- Bad Credit
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From £1,000 to £25,000
Rates from 5.7% to 278%
3-36 month repayment
Borrow up to £3,000
Rates from 278% to 1576%
3-12 month repayment
Representative example: £500 borrowed for 5 months. Total amount repayable is £991.85 in 5 monthly instalments of £198.37. Interest charged is £491.85, interest rate 236.1% pa (variable). Representative 481.6% APR.
Why are payday loans are useful?
Loans of up to £500 to be repaid over a short period of time are called payday loans. The greatest drawback associated with payday loans is that there will not be any restrictions on interest rates charged by lenders. Hence, the annual percentage rate on these loans can be as high as 1000%. Thus, the expenses incurred through a payday loan in UK will be to the extent of £25 per every £100 borrowed from the lender on monthly basis.
The annual income of most of the borrowers is less than £25,000. The average loan amount will be in between £265 and £270. The risk take by the lender is very high so that they are allowed to charge very high interest rates. A small amount of capital will be offered for a very short period of time. In most of the cases, the loan period will be less than 2 weeks.
Payday Loans Instant access attracts many people whose lives are based on monthly salaries. Employees of various organisations will be able to go for short-term loans so that they will be able to fulfil their needs in the best possible way. The financial emergency can be handled in the best possible way with the help of payday loans.
There are specialised agencies which help customers to get loans at best interest rates. There will not be any legal limit on rolling over loans. The rate of interest will be 25% or more. The advance should be repaid at the end of the month. The cost of online loan is higher than the offline loan. The application rejection rates are very low. The lender will take higher risk because of default.
Borrowers will be able to get money quickly and easily by submitting an online application. The payday loan application will be processed very quickly and the result will be conveyed to the customer. If the loan amount is confirmed, it will be transferred to the bank account through wire transfer. The amount will be deducted automatically from the borrower’s account and the borrower should ensure that sufficient funds are available in his or her account. In this process, borrowers will be able to manage emergency medical expenses and other household expenses very easily.
Choosing the best lender
Even though Payday Loans Instant loans offer many benefits to borrowers, they should be selected in a very careful manner. The borrower should be aware of various kinds of lenders. The lender should be licensed to operate in your area and should
What if I can’t keep up my repayments?
If you can’t keep up with your repayments you must contact your moneylender immediately and advise your struggling with the monthly installments some companies will adjust your monthly installments to reflect what you can afford to pay back on a monthly basis please note that this can also extend your term of the agreement and probably the amount of interest that you end up paying back. You’re never advised to just stop paying your agreement as this may result in interest being charged on the agreement and missed payments showing on your file this could make obtaining further down the line a lot more difficult.
What do i do next?
Next is the fun bit you need to click on the apply button and fill out our simple online form designed to make sure the whole application as smooth and pain free as possible. The whole application process from start to finished shouldnt take you longer that 3 minutes its as simple as you can get.
*Subject to lender approval and requirements.