Cash Loans FAQ

 

What is a Cash Loan

A Pay Day Loan is a loan which you can take out to tide you over until your next pay day, which can be up to 28 days away.

 

What am I allowed to use a Cash Loan for?

You can use a Cash Loan to help manage bill payments or pay for unexpected expenses, or you can use it for anything else you like, including down payments on cars, holidays or anything else you feel you need sooner rather than later.

 

How much money can I borrow?

The amount you can borrow from our lenders depends on how much pay you take home each month. If you need any help with managing your debts, http://www.cccs.co.uk might be able to help.

 

How much will a Cash Loan cost?

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%.

 

What do I need to be eligible?

To be eligible for a Cash Loan from one of our lenders, you must: live and be employed in the UK, have a regular income which is paid into a current UK bank account and be 18 years old, or older.

 

I don't own a house is that a problem?

No, not at all. We lend PayDay Loans to home owners, tenants and people still living at home with their parents. The most important thing is that your monthly income will cover the repayment.

 

How do I repay a Cash Loan?

Repaying the loan is easy. Our lenders automatically take the repayment amount which they have confirmed with you, out of your bank account on a specified date. You don't need to do a thing.

Please check with the lender how much you will repay and on which date.

 

How long will it take for me to get the money?

This can vary from lender to lender. Many people receive their Pay Day Loans the very same day they apply. Sometimes though, banks do take longer to register the funds in accounts. Usually funds have cleared at least 48 hours after an applicant first applied.

  

How do I get the money?

The money will be transferred to your bank account using an express service to get it to you as speedily as possible.

  

Can I have two Pay Day Loans at the same time?

No. Cash Loans must be repaid before you can have another loan. We are a responsible broker and do not want you to get in to financial difficulty. We also want to ensure that you can afford to pay back the lender we introduce you to.

You should  think carfully before you apply for a loan and make sure you apply for an amount you are confident you can repay comfortably over the period of the loan.

 

How long do I have before I need to repay a Cash Loan?

You normally have 28 days before the loan must be repaid. Repayment is automatically debited from your bank account on a date you agree on with the lender.

  

Will my credit rating be checked?

Most payday lenders credit check your application in one way or another in order to make sure you can repay your loan.

Representative 1737% APR (variable)

For a 12 month loan solution, we can refer you to our sister site - 12 month loans