FAQ's » Before Applying for Payday Loan
Q : What's the execution span for an application?
It's a less than 5 minutes job, wherein you are done with the signing of your loan as well.
Q : What's the range of the borrowing amount?
The amount of your loan amount borrowing is integrally dependent on your situation at present ranging from £80 up to £750. Ideally, the cash is transferred to your account within the same day but some banks may take 1 - 3 working days for the same
Q : What do you mean by your APR?
APRs are an effective tool allowing you to compare the products of the same type but van be vague when it comes to comparison of different products . It can be demonstrated as :
Clearly, we see that APR is the same for two different installment loans, however, the gap between the two interest amounts paid as per the rate of interest of the loans is huge, that cannot be neglected.
Therefore, we always focus on communicating the amount you repay in total instead of the APR.
Q : Am I eligible for the Payday Loan ?
For you to qualify, you have to be at least above 18 years of age, earning more than £750 a month with a bank account and a debit card and have to be under a full time employment tenure.
Q : What kind of information is needed for the execution of the loan?
Name and Address
Contact telephone number
Your Date of Birth
Email ID
Bank Account
Work and salary details
Debit and Credit Card Details
that may vary from one bank to another
Q : Why is all this information needed?
This information serves the prime lenders with whom your application is being processed as the basis for your verification :
That it is actually you the borrower.
That you are capable of repayment
Money is transferred to the right source, that is, the right person's account.
Q : Why is all this information needed?
No, not as of now.
Q : Is my bad credit history going to hamper my loan application?
No, but we look at it from your present situation perspective.
It's a less than 5 minutes job, wherein you are done with the signing of your loan as well.
Q : What's the range of the borrowing amount?
The amount of your loan amount borrowing is integrally dependent on your situation at present ranging from £80 up to £750. Ideally, the cash is transferred to your account within the same day but some banks may take 1 - 3 working days for the same
Q : What do you mean by your APR?
APRs are an effective tool allowing you to compare the products of the same type but van be vague when it comes to comparison of different products . It can be demonstrated as :
Clearly, we see that APR is the same for two different installment loans, however, the gap between the two interest amounts paid as per the rate of interest of the loans is huge, that cannot be neglected.
Therefore, we always focus on communicating the amount you repay in total instead of the APR.
Q : Am I eligible for the Payday Loan ?
For you to qualify, you have to be at least above 18 years of age, earning more than £750 a month with a bank account and a debit card and have to be under a full time employment tenure.
Q : What kind of information is needed for the execution of the loan?
Name and Address
Contact telephone number
Your Date of Birth
Email ID
Bank Account
Work and salary details
Debit and Credit Card Details
that may vary from one bank to another
Q : Why is all this information needed?
This information serves the prime lenders with whom your application is being processed as the basis for your verification :
That it is actually you the borrower.
That you are capable of repayment
Money is transferred to the right source, that is, the right person's account.
Q : Why is all this information needed?
No, not as of now.
Q : Is my bad credit history going to hamper my loan application?
No, but we look at it from your present situation perspective.
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