frequently asked questions
What is a Pay day Loan?
Can I extend my loan?
Do I qualify?
How quickly can I receive the money?
How do I apply?
Do you run Credit Checks?
I am Self-employed. Can I apply?
A Payday loan is a short term advance paid directly into your bank account. The loan is only until your next pay day where we will take the amount of the loan plus the interest charges from your bank account by your debit card.
Yes, the interest fee plus 10% of the capital outstanding will be taken via your debit card. The remaining capital plus interest charge for further months will become due the following payday.
You must meet the following criteria:
Be at least 18 years old.
Live and work in the UK. (You must have been in your current job for a least 3 months).
Salary paid directly into your bank account. (You must have held your bank account for at least 3 months).
Have a bank account with a valid debit card.
And can you provide us with the following documentation on request:
1 recent pay slip
2 recent bank statements
Clear copies of both sides of your debit card
1 form of proof of address (recent utility bills)
Photo ID
How quickly can I receive the money?
Once approved and the appropriate paper work is sorted we will make a BACS transfer into your account. This can take up to 3 days to clear. If you need the money quicker, we may be able to make a CHAPS payment for a small fee.
How do I apply for a Pay Day Loan?
You have 3 options:
Fill in the online Application Form
Download a PDF Application Form - fill it in and either send or fax it back to us
or
Simply call 020 8883 0022 for a quick response.
Yes, every application we receive is Credit Checked along with checks to confirm Identity and to prevent fraud.
I am Self-employed. Can I apply?
Unfortunately, if you are self employed we cannot offer you a payday loan. Have a look at our Fixed Term Loans as these may be more suitable
