Payday UK

Published on August 13, 2010 by admin   ·   No Comments

Payday UK Review

PaydayUK is simple and fast! PaydayUK give quick online decisions, normally without the need for faxes or post**. Apply for a loan today from £80-£750 and you could have the money you need in your account within 48 hours!*

To apply for a payday loan, you need to:

  • Be over 18 years old
  • Be in permanent employment
  • Earn more than £750 net per month
  • Have a bank account with a valid debit card

If you can answer yes to all the statements above, you are entitled to apply for a payday loan

Payday Loan UK Terms

The maximum loan amount for UK residents is £750. Payable in a single payment on your payday. The amount is taken from your debit card on your payday for the agreed amount.

If you need to defer the payment this is called a deferral. this incurs another month’s interest. You will have to repay the charges and suggest you pay as much as possible to reduce further charges.

  • Credit check done
  • Payment made by BACS to your account
  • Payback by debit card
  • Online system to check the status of your account.
  • Payday Loans UK

Terms and Conditions apply. Typical 1737% APR. † Loan amounts. PaydayUK charge £25 per £100 borrowed for each NEW pay day loan where there are no arrangement fees to set up the loan

The APR stands for Annual Percentage Rate and is the interest payable on the amount borrowed and other charges expressed as an annual rate charge. All lenders have to tell you what their APR is before you sign an agreement.

PaydayUK Finance Charge

PaydayUK simply debit the payment from your debit card on your payday for the agreed amount – no fuss and nothing further for you to do.

The total amount payable by you on the due date is the loan amount and the finance charge.

**Occasionally PaydayUK will be unable to confirm all details automatically. Should this be the case, they will ask you to fax in simple documentation for them to be able to complete the application process. *Payable in a single payment on your pay day.

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