Payday Info

+Loan Amounts
Payday loan amounts range from £100 to £1000.

When your loan is processed, the lender sets a credit limit of what they feel you can comfortably repay on your next payday. From the set credit limit, you may borrow any loan amount up to this limit. If you decide to borrow less than the agreed limit, you may be able to request additional funds up to your limit once your loan has been repaid in full, but please check with the lender.

+Same Day Payment
The lender makes payment to your account as cash, so there’s no waiting for funds to clear. Just make your way to the cash machine or make payments via your card the same day.

Payday lenders aim to make applying for a payday loan as simple as possible, but should they need additional information from you and once they have everything they need and you are happy with the amount you have been offered, the cash could be in the account the same day.

+Loan Repayment
Your loan repayment is due on your next payday which will be confirmed with you by the lender before the money is paid into your account. Your repayment will be taken via your debit card on the agreed date, so there is no need to send a payment.

The very nature of this type of loan is to offer a short term solution. If you wish to repay your loan over a number of months, then this may not be the right financial product for you.

+Application Criteria
To apply for a payday loan, you must be able to answer yes to the following:
I am a resident of England or Wales
I am in full-time employment
My wages are paid into my bank account
I have a debit card for this account
I am over 18

+Bad Credit History
Some lenders may lend to you and may not just look at only credit history, so this will not harm your application.

A loan amount is based on your ability to repay the loan, this protects both the lender and borrower of any problems that my arise.

+I Receive Benefits
If you receive benefits alongside your salary, this is not a problem.

If your only income derives from benefits, then you will not be able to apply for a loan.


Unsecured Loan Criteria
– Must be over 18
– Must be employed full-time
– Must be paid by BACS (wages paid directly into your bank)
– Must not be Bankrupt
– Must not currently be on a Debt Management Plan