What is Payday Lenders?
Payday Lenders is a website dedicated in providing you complete information about the various loan lending companies in the UK.
Who can apply?
Any UK citizen above 18 years of age who is looking for payday loan services can apply with us. In addition, the borrower must have an active checking account and currently employed earning at least £1000 per month.
What are the documents that I will have to fax to apply?
To apply for a payday loan, there is usually no need of any faxing. However, depending on the payday loan lender you may have to provide income proof to assure about your repayment ability.
How much can I borrow?
You can borrow anywhere from £100 to £1,500 by applying for a payday loan. The borrowed money will depend on your repayment ability and need.
When will I have to repay?
You will have to repay the borrowed money within 14 to 30 days tenure.
How much interest will I be charged per loan term?
Per loan term you will charged 25% interest.
What is the typical APR charged?
The typical APR of payday loan is 390%. It may vary from one lender to another.
Can I cancel my application for a payday loans at any time?
Of course, you are free to cancel your application at any time as you are under no obligation.