Payday loans are basically given for the short period of time of one month which are costlier than other sorts of lending. These loans are not meant for the long term purpose that can be just used until next payday. So, before applying for any loan plan, please go through the terms of the companies.
Frequently Asked Questions
How do I apply for payday loans?
Entire applications are processed through online. You just required to fill up an online application form which contains your personal information such as, your address, contact numbers, bank details etc and finally need to submit it.
How do I get the approval of my loan application?
Approval of your loan is subject to a detailed credit value and affordability evaluation. If you meet all the criterion, you are eligible for loan deals. If you are proving your repayment ability, you are accessible for the online financial aids.
What is the eligibility criterion of getting loan?
First of all, you must be the citizen of UK who is completed the age of 18 years and a salaried account in bank along with the permanent source of income so that you can repay the loan amount without any hassles.
Is it essential to have an account?
Yes, it is necessary to have a bank account as the whole transaction process might be done only when you have a salaried bank account.
Can I get the extension on my loan?
Yes, you can get extended repayment tenure of your loan when you have failed to settle down the credits within the deadlines. You have to pay a small amount of fee charges for enjoying the extended repayment option. We can allow just three extensions for loan settlement. So, repay the loan amount as early as possible to improve your credit costs.
What is the repayment process of Loan?
Repayments are made by the debit card that is automatically deducts the amount on the precised date of payment.