Information For First Time Users
Of Cash Advance Loans

Cash advance loans, often called payday loans are quick loans designed to provide financial help for the short term.

If you are applying for cash advance loans for the first time, follow these payday loan application tips.

Getting The Most Out Of Cash Advance Loans

What you need to Apply: In order to get payday loan, you must be permanently employed, you must be an UK resident, and you must be 18 years old or over.

You will need to provide information about your employment and home address. You will also need to supply your bank details for electronic transfer of payments.

Qualifying For Quick Loans

Cash advance loans are designed to help more people than regular bank loans, so the criteria is easier to meet for most people. Although credit checks are used, having a poor credit rating won’t necessarily prevent you from qualifying for a cash advance loan.

What If I have Bad Credit? If you have a bad credit history, do not worry as cash advance loans are short term quick loans, unsecured loans and most lenders are only concerned about your current repaying capacity, not your borrowing history.

Quick Loans For Up To £1500

How Much Can You Borrow? The maximum limit of cash loans provider by our lenders is £1500. If you are a first time applicant for cash advance loans you will have a far higher chance of approval if your application is for less than £500. After repaying this first pay day loan on time, lenders will be convinced of your credibility, so you will be able to get a higher cash advance loan on your next application.

As with any kind of loan it is important to make sure you can afford to repay what you borrow and be fully aware of the time limit for cash advance loans. cash loans are a great way to cover any short term cash short fall, but they are only designed to cover short periods of time.

Arranging Repayment For Cash Loans

When Do You Repay: You will have to repay the cash advance loans when you next get paid or within 28 days. Money is usually automatically deducted from your bank account. If, for whatever reason, you can't repay the loan on payday, you can choose to roll over the loan amount until your next payday. If this happens, it can get expensive as you will have to pay extra fees, plus the interest rate on the roll over payday loan amount.

Charges For Cash Loans

How Much Do Cash Advance Loans Providers Charge? Payday loan providers generally charge £25 per £100 borrowed if paid back on your next payday.

The Representative APR is 1737% (variable). As an example, a loan of £300 taken for 28 days would require payment of £375 the interest would be £75 for a loan with an annual interest rate of 1737%.

Apply today for a Cash Advance Loan

The APR can seem large when compared to other forms of lending, but cash advance loans are designed for short term borrowing and offer a great deal when you’re looking for a small loan for a short period of time.

Applying for cash loans takes a few minutes, you’ll receive an instant decision and the money can be transferred within 48 hours.