- Apply - Apply online with our simple two-step application.
- Approved - Receive instant approval without faxing documents.
- Funded - Money deposited in your bank account today.
Loan Requirements for a Payday Loan
You must satisfy the following requirements to receive a loan from PayDayFinancial.co.uk:
- Must have a valid bank account that can receive direct debit
- Must be at least 18 years of age
- Must be employed and receive a regular paycheque or salary
- Must be a resident of the United Kingdom
FAQs about Payday Loans
Five most popular How it Works questions.
How much money can I receive?
If you qualify for a payday loan you can receive up to £100 to £750 in your bank account in less than 24 hours. Please note that the average first time payday loan amount varies between £185 to £200. For more information you can read the article How Much Money Can I Borrow Online.
When will I receive my loan?
Your application will be processed within 30 minutes from the time you have submitted it online. If it is approved before 15:00, you may receive same-day funding.
How do I pay my payday loan back?
Paying your loan back is simple. In the application process you input your debit card details and the agreed date of your next payday with your employers. On that date we deduct your loan and the charges. You don't need to do anything at all, it's all done for you.
How do I extend or pay my loan later?
If you have problems paying the payday cash loan back we may be able to defer payment another month but charges will apply at the same rate as the first month.
If you have more questions you can read the Help With the Payday Loans Section
Why are online payday loans better?
Online payday loans have become more popular over the last few years due to the ease and instant access the internet provides. You may apply for a payday loan in the privacy of your own home- no need to stand in queues or deal with any paperwork hassles. Online payday loans, also known as faxless payday loans provides access to instant cash in your own comfortable setting.
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