What is a Payday Loan?
A payday loan is a short term loan that allows a customer to receive cash from a lender, usually within a 24 hour period.
Who is Eligible For a Payday Loan?
Almost anyone who is employed, has an active bank account and receives direct deposits are eligible for a payday loan. Usually if a customer meets these requirements, they can receive funds into their account within a 24 hour period, even within 1 hour.
How Does A Payday Loan Work?
Payday loans work by allowing the customer to borrow money against their next pay cheque from a direct lender, financial institution or other loan provider.
Is a Payday Loan What I Need?
You need a payday loan if you need to cover unexpected expenses, such as a late bill payment, car payment, utility payment, car repairs, emergency home repairs or any other short term financial emergency. A payday loan can be used for any unexpected expense even if you are just out of groceries until payday or ANY other consumer purchase, debt or bill payment.
How Much Can I Borrow?
Because payday loans are small loan amounts intended to only be a short term solution to your financial need, it depends on the financial status and also your ability to repay the loan amount on your next payday. However, most lenders state they supply customers with as much as £1000.
What kind of fees does MakeTodayPayday.co.uk charge?
Make Today Payday does not charge a broker fee or any other type of fees. There are no hidden fees or charges with our service.
Why do you ask for my personal information?
We use personal details to verify that it is you making the application and to try and prevent someone taking a loan out in your name. Also, in case we need to contact you regarding your loan.
Why do you need my work information?
While we will never contact your employer, we use your income information to determine how easily, and when, you will be able to pay us back.
Why is my bank information required and is the transaction safe?
We need your bank information so we know where you want us to transfer your funds. All of our application transactions are 100% safe as they are encrypted.
Will I be charged a late fee if I miss a payment?
The lender you are matched with will provide a complete list of fees and charges for their service. You are under no obligation to accept a loan from the lender you are matched with if you feel their fees are not appropriate for you.
Can I renew my loan policy?
Upon being matched with a lender, the lender will disclose their specific renewal policy including any fees associated with renewing. You are under no obligation to accept a loan from the lender you are matched with if you feel their fees are not appropriate for you.
- Same Day Deposit
- No Fuss, No Hassles
- Easy Application
- Fast and Secure
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Representative 1737% APR
Representative example: Borrow £550 for 28 days. The total charge for credit is £137.50. Interest is fixed at a rate of 300% p.a. The Total Amount Repayable is 1 payment of £687.50.
Make Today Payday acts as the liaison between the customer who needs a payday loan or cash advance and the loan provider or direct lender.