Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative example: £400 borrowed for 30 days.
Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable). Representative 728.9% APR.
We are a licensed credit broker, not a lender.
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Anyone who is a resident of the legal jurisdiction of England Wales and who is 18 years old or older is eligible to apply for a loan. You will also need to have a bank account which is capable of processing electronic payments in order to be able to receive your loan and pay it back in installments.
Pay day loans are loans given on the basis of the fact that you receive a regular income and so part of your loan application will involve proving this fact. Most of the time, this will mean providing employment details to prove that you have a job which pays you on a monthly basis. The amount that you will be able to borrow will also depend largely on how much money you earn each month. As a responsible loan broker we will introduce you to our panel of lenders.
Eligibility for a pay day loan requires that you are able to prove that you have a regular pay day. Full employment details will be requested on the application form, including the address and contact details of your employer, our panel of lenders consider all credit histories.
In order to confirm that you are who you say you are, that you are a resident of England or Wales, and to be able to contact you we will also need to receive your personal details during the application process. It is crucial that you answer all questions honestly and to remember that failure to do so is a criminal offence. Exaggerating your earnings may lead to you getting a loan which amounts to more than you can repay, the consequences of which could potentially be disastrous for you.
Those with poor credit ratings are eligible to apply for pay day loans. The reason for this is that it is only a short term loan and so only need to be able to assess your short term finances. The decision of whether or not to lend to you is not based on your past track record of paying back larger loans, only on your current financial situation and the individual lender criteria.
Furthermore, those who do not own their own home or any other assets are equally eligible to apply as these loans are unsecured, meaning that they are not agreed on the basis of the value of anything you currently own. We do not charge a fee to apply, meaning that if you are unsure you can always fill out the form and see whether or not you are approved. However, if you meet all of the above criteria you could be approved.