WARNING: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk
WARNING: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk
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Payday Loans UK

December 13, 2017


What are Payday Loans UK?

Payday loans UK can be found under a variety of different names. Often, this causes mass confusion, with many users assuming each loan name entails some difference. Payday loans in the UK are a type of short term borrow, normally under £2,000. Due to the speed of the loan, among a variety of other factors, the interest is higher than your average loan from the bank.

Payday loans, also referred to as short-term loans, normally have a more lenient application process and acceptable rate. Unlike the banks, certain payday loan lenders are willing to accept loan applications from applicants with undesirable credit ratings.

Why do people turn to payday loans?

Payday loans UK allow users to apply for a loan and receive the funds in their bank, usually within 24 hours. Due to the speedy nature of payday loans in the UK, customers turn to them in case of emergency. In times of need, Payday loans UK acts as a proverbial safety net.

Representative 546.1% APR. Representative example: £200 repaid over 3 monthly instalments of £134.76. Total charge for credit £404.27. Interest £204.27. Interest rate 546.1% (fixed) APR rates range from 45.3% APR to 1575% Max APR. Your APR rate will be based on your circumstances.

Am I eligible for Payday Loans UK?

  • First and foremost, you must be a UK resident
  • You must be employed in the UK and earning a minimum of £500 a month
  • Have a means of contact – Mobile or Email
  • You must have a bank account in the UK

    How do I apply for Payday Loans UK?

    Head on over to our application form and tell us a little about yourself. This may take a couple of minutes, but rest assured, this does save you time in the long-run. Once completed, we will contact a variety of lenders and if you’e accepted, we will direct you to the lender, where they will complete the application. Please know, that you are not agreeing to any loan by completing our online application for payday loans UK.

    Fair and responsible lending

    Loanline work very closely with the Financial Conduct Authority (FCA) to ensure our business remains responsible in the consumer credit market. Not only that, we do regular checks on all of our lenders, ensuring they continue to abide by FCA regulations. Funded by the charges fees to members of the financial service industry, the FCA regulates marketing, and standards, of financial products.



Loanline UK Payday Loans

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