Payday Loans UK

Payday Loans Bad Credit

The simple and fast way to borrow up to £1000 today

Get a payday loan of up to £1000 in just 15 minutes.
Complete our simple 60 second application and we'll send
the money directly to your account.

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Representative Example: Borrow £300 for 30 days, Amount payable - £375, Interest - £75.

Payday Loans

Payday loans are the ideal way to meet expenses incurred towards the end of the month – ideally when the monthly earnings have all been spent on essentials. These loans can be used to fund any need right from family or personal purposes, but are most useful during times of emergencies such as sickness, minor accidents, vehicle or home appliance breakdown and, at times, can even help with payment of utility bills and rent on time. Payday loans for bad credit offer much needed funding for people in the lower income groups, who necessarily do not enjoy a good credit rating.

Applying for Payday Loans

Payday loans are quite easy to obtain; they hardly require any paperwork other than, of course, a proof of employment against which the money is being lent. Select lenders extend bad credit payday loans based on the monthly earnings, just to cover the risk of defaulting. The term of loans is usually short, lasting anywhere between a few days to some weeks. The borrowed amount is recoverable on the next payday. Although there are no strict validations on credit history to avail the loan, borrowers should honour repayment schedules to stay in the good books of the lender, making it easier to get back to the lending institution for other loan requirements in the future.

In addition to employment proof and minimum earnings, borrowers should also have a bank account to receive funds once the loan is cleared by the lender. The application process is quite simple and straightforward. Those requiring funds can either make the request in person or can do it online by providing just a few essential details. Applications are processed almost instantly, making the loan available on the same day if not within the next hour. Processing time, however, varies and is usually based on the lender.

Repayments

Most payday loans are repayable in bulk at the end of the specified term or the payday. Borrowers should make necessary arrangement to handle a single payment that includes the principal amount as well as the interest on the loan. Payday loans attract steep interest rates when compared to other types of loans. The interest amounts, however, may be affordable when applied on these short-term loans where the loan amount is quite small.

Those who are seriously in need of money, do not deliberately default on repayments, however, personal situations, debt commitments, and emergency expenses take their toll on meagre monthly earnings, making it difficult for them to maintain a neat credit score. In fact, such people are constantly battling with the need for money, and payday loans just help them bridge the need until the next pay cheque.

Why choose us?

Why not join our ever growing number of happy customers and apply for a short term, payday loan. Apply Now

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Get a short term, payday loan.

Representative loan example: Borrow £200 for 30 days, Total amount payable is £250.
Interest rate 1737% APR (may vary depending on circumstances)

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