Frequently Asked Questions

Before I apply for a Loan...

Getting a loan...

Paying back my loan...

 

 

How long does the application take?

It only takes a few minutes from start to finish – this includes signing for your loan! **


How much can I borrow?

You can borrow from £50 up to £1000 depending on your personal circumstances. The transfer the funds to your account can take place with 24 hours of your your loan application being completed.

Please be aware that some banks may take up to 3 working days to clear the funds.


Understanding the APR

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.

APR's are a good way of comparing similar products but are not so effective when comparing different products.

 

Can I get a Loan?

If you are over 18 and in permanent employment earning more than £750 a month after tax, you are likely to qualify. All you then need is a bank account to pay the loan in, with a debit card for you to repay!

 

What information do you need?

Our simple online form only requires the following information:

  • Your name and address
  • Your date of birth
  • Your contact telephone numbers and email address
  • Your work and pay details
  • Your bank account and debit card details

 

I have a bad credit history - will this affect my loan application?

Not necessarily. We look at each application based on your recent circumstances. **

 

I don't have a debit card - can I still apply?

We require you to have a debit card in order for us to take your loan repayment.

 

What is a credit reference agency?

Credit reference agencies (CRA's) collect and maintain information on consumers' and businesses' credit behaviour, on behalf of organisations in the UK.

 

What is a fraud prevention agency?

Fraud Prevention Agencies (FPA's) collect maintain and share information on known and suspected fraudulent activity. Some CRA's also act as FPA's.

 

What do I have to do?

Complete our quick application online. If you are approved by one of our lenders, you will be asked to confirm your bank and debit card details in order to complete the application.

 

When will I receive my loan?

The transfer of the lender funds to your account can take place with 24 hours of your completed application. Please be aware that some banks may take up to 3 working days to clear the funds.

 

How will I get my money?

It’s paid directly into your bank account so you can access it as you would normally take money from your account.

 

What happens if you do not give me a loan?

If we are unable to provide you a loan on this occasion we may pass your details to another financial services company who may be able to provide you an alternative product.

 

How do I pay back my loan?

Easy – we take the agreed repayment amount from your debit card on your next pay day – there’s nothing else for you to do.