Your first short term loans UK from us, if you’re a first-time application, will be capped at £1000. You will be able to borrow up to a maximum of £2000 the next time you apply, provided you have paid back this amount in full. Credit and affordability checks will be conducted on any returning clients to make sure your situation hasn’t changed between applications. Even if we have previously accepted you, we cannot promise that you will be authorized for short term loans direct lenders, so be sure the loan is within your means.
Although there is no time limit on reapplying, we advise against taking out more debt than one can manage and advise utilizing our fast and simple loan application exclusively in times of dire need.
We’ll set up a Continuous Payment Authority (CPA) on your bank account so that you can repay the amount of your approved short term loans UK. To keep on top of your repayments, all you have to do is make sure the funds you owe are in your bank account prior to the due date. We give you a reminder at least three days before your payback is due to assist you remember to check your account because we know how easy it is to forget what’s due when you have so many other payments coming and going.
As an alternative, you can choose to cancel the CPA and make your payment by bank transfer. Your credit agreement will specify the entire amount of your repayments, including interest.
How Simple It Is To Apply For a Short-Term Loan Straight Lenders
We at Payday Lendz provide more than just payday and short term loans UK direct lender. We are aware of the urgency with which unexpected payments must be made in your private life. Apply Now Just complete our brief application form to begin a simple online loan application with us, whether it’s for a £500 loan or something bigger.
You can choose how much you want to borrow using our handy repayment slider on this page, or any of our loan pages, if you’d like to check the figures before asking for a short term loans UK. After that, you may choose your desired payback term and discover how much, including interest, you might have to pay back over the course of your selected period if you take out an easy loan with us.
Following your application, you will receive an initial decision regarding the loan amount you wish to borrow as well as the terms of repayment that you need to be aware of. After that, a personal Customer Care Manager will be assigned to you, and if we want additional information, we may give you a call to discuss the loan application. If we have sufficient information to approve your short term cash loans right away, this call doesn’t always need to be made; it should only take about five minutes to complete.
After determining your affordability, your Customer Care Manager will email you a digital loan agreement for you to review and electronically sign. We’ll deposit the agreed upon amount into your bank account in as little as fifteen minutes after receiving your signed form back.