What is an online payday loan?

An online payday loan is a cash advance used as a temporary loan in between paychecks to meet expenditure needs. A payday loan is secured against your next paycheck and is to be repaid on your next paydate. Most lenders also allow you to extend your loan over multiple paydates.

How can I qualify?

You must be at least 18 years of age and a U.K. citizen, have a regular source of income, make at least £750/month, and have a bank account with a valid debit card.

How long will the process take?

An online payday loan is specifically created to get you the cash you need in a shorter amount of time than any other form of cash advancement. If you apply before 03.00 PM on a weekday, you can receive cash in your account on the same day.

How much will it cost me to apply?

We charge £25 per £100 taken as a loan. You would also need to pay £15 if you choose for same day (CHAPS) cash transfer in your bank account.

Can I have more than one payday loan at the same time?

You cannot apply for another loan with us when you're still repaying an existing one, but you can choose to approach other lenders for the same. However, we recommend that you repay your existing loan before applying for another one to prevent a possible debt scenario.

What if I fail to repay the loan on the due date?

We understand that, at times, you might find it difficult to make the required payment on time. So, it is essential that you notify us in advance about your inability to make the payment. This is to ensure that your account doesn't fall into the collections process, in which case you would incur an additional 40 GBP fee (this is to pay for the additional work that the collections process requires)"