As a UK loan broker I will endeavour to find you a lender that offers you the best chance of being approved and offers you a great loan that fits your needs and requirements.
The process is completely online – so you will have absolutely no need to talk to me or send any paperwork whatsoever. If I find you a payday loan lender then they may ask to speak to you or for additional documentation – but some lenders will not. Either way, if you are accepted by a lender it is realistic to say that you could have the loan deposited into your bank account within an hour or two, however this may vary depending on your bank.
There are many reasons why you may need a cash loan today – but I don’t ask you what it is. It could be an emergency at home, urgent bills or practically any legal reason you may need the money for. I ask just one thing – only take a short term loan if you know you will be able to pay it back by your next pay day. Last thing I want is getting you into further debt troubles – these type of loans are for short term solutions only.
You have just 3 quick steps of mandatory information to complete. Please confirm information about who you are and where you work and ensure that you enter this information carefully – especially your contact details as many lenders will e-mail you information – and it’s very easy to type your e-mail address incorrectly.
When selecting the loan amount you are looking for it's best to request a realistic amount for your needs – don’t look to over borrow. Also please bear in mind that to highten the chance of approval when applying for a first time loan it's best to request around £200-£300.
Renew your loan by contacting the lender directly – you should do this in advance of when payment is due. The majority of lenders will charge the same levels of interest and fees as charged in your original loan – but you will need to check with the lender directly. Renewal may be dependent upon a number of factors including affordability checks. Non-payment can result in damaging your credit rating – contact your lender as soon as you are aware you may have difficulty in paying to reduce the chance of this happening.
We work with a huge number of payday loan lenders so this is a really tough question to answer. The maximum, under FCA guidelines, you will be charged is an interest rate of 0.8% per day. Over 30 days this would mean a £100 loan would cost you £24 in interest - so your total pay back is £124.00.
It is vitally important to read and check the contents of all the information that the lender provides you with - this includes the total pay back cost, what charges (if any) will be applied if you cannot meet your payment and any other terms and conditions associated with the loan. If you are in any doubt you should call the lender direct and discuss with them.
Representative APR: 1081% (variable). Representative APR Example: 1081% APR variable. £300 borrowed over 30 days would equal total borrowing of £372. Representative 1081% APR
*We are not a lender, we provide a free credit brokering service. We will never charge you a fee for using our application.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk
Mr. Pay Day is a trading name of Rainbow (UK) Ltd. Rainbow (UK) Ltd is fully authorised and regulated by the Financial Conduct Authority - FCA Number 674557. Our trading address is Unit 8 Saxon House, Upminster Trading Park, Upminster, Essex, RM14 3PJ. Our other contact details are specified on our website.
Mr. Pay Day, may receive a fee/commission for either referral or completion of your loan application.
Mr. Pay day is not a lender but a broker that has access to multiple lenders across the UK. We cannot lend you finance ourselves - only refer you to a lender who can.
Payday Loans should be used for short term lender purposes only - not as part of a longer term financial option. Not all lenders will offer a 100% online decision - some may require to speak to you or require further forms of identification or details to check affordability. You will be credit checked by lender(s) to determine if you can be approved a loan.