Do you want the cheapest payday loans? Why not apply for a cheap loan from our best loan lenders and get the best interest rate you can.
Payday loans are without a great way of getting money, quick and fast without much hassle. Borrow a small amount of money and pay it back when you get your next pay check. Use our payday loan calculator to work out the total cost of the loan. So long as you are in employment you can apply. Even if you have bad credit you can apply as there are no credit check when you apply for cheap payday loans. Apply now and get the cheapest payday loans on the market.
What are payday loans?
Payday loans are basically like a cash advance loan on your monthly salary. They are very popular these days, probably because a lot of people seem to be struggling managing with their finances and making ends meet every month. Payday loans are not provided by mainstream banks and building societies, they are provided by other lenders. They are designed specifically for short term lending with small amounts of money ranging up to £1,000. They can be taken out for any reason and don’t require any credit cheques. Repayment is quick with 31 days as soon as your next pay check comes in from your employer.
How much can I borrow?
A payday loan is a shorter term loan and offers a financial solution to consumers who need money in an emergency. You can borrow between £100 and £1,000 over a period of 31 days. As long as you are in full time employment and you can afford the loan you will get accepted and get the cash.
What kind of interest rate can I expect to pay?
Interest rates on payday loans a very high indeed, perhaps one of the most expensive type of loans you could take out. Some interest rates can be as much as 4,000 percent, so need to be sure that you can payback the money, as you don’t want to miss a payment.
How long do I get to payback the loan?
Typically, payday loans give the consumer 31 days to payback the money, some might be 60 days. But, you need to pay the money back in around a month through your bank account.
Is a payday loan the right type of loan for you?
You need to make certain that you can repay the total amount of he loan. Failure to do so could be very expensive if the APR is around 4,000 percent. If you require cash quickly then a successful payday loan application can result in you getting the cash within 24 hours. It’s kind of like an emergency cash advance loan when you need money quick to bridge the gap on your monthly wage.
Can I still get accepted if I have a poor credit history?
There is no credit checks carried out when applying for a payday loan. So if you do have a poor credit history, bad debt or county court judgements, then you can still apply for a loan and get accepted. It is pretty straightforward to apply as there are no big hurdles to jump. You do need to make sure that you are in employment and that you can afford to repay the loan back within 31 days from your next pay check.
What information do you need to provide for a successful loan application?
All consumer that want to apply for a payday loan need to be over 18 years of age, be a UK resident, have a full time job and have a bank account. You will need to give your employers details, but a valid current account is all that is really needed. Most consumers should receive the money within 24 hours.