Frequently Asked Questions


Q. Are you a registered company on the FCA register?

A. Yes – is a registered trading name of 717 Web Solutions which is an Introducer Appointed Representative of Nouveau Finance Limited, and is entered on the Financial Services Register under reference number 747184.


Q. Does Mini Loan Shop have a data protection number to protect my details?

A. Yes - registration number Z3565851


Q. How long will my loan application take?

A. The whole application is very quick-usually you will find out within minutes whether or not you have been approved. Once you have been accepted, your loan money will be paid into your bank account by direct transfer.


Q. Where does the money go?

A. It will land safely into your bank account within minutes. This time may vary depending on the lender.


Q. How much will I be able to borrow?

A. This also varies depending on the loan company and your individual circumstances. A lender can offer sums of money up to £1000, though this amount may be less for first time borrowers.


Q. Why are the interest rates so high?

A. Whenever you take out any type of loan you will end up repaying more than you borrowed because of interest payments. This is how the lender makes their money-however with a payday loan, because they are designed to be repaid within a month and not over a year, the APR formula is an annual rate, so shortening the term balloons the APR, its important to look at the overall cost of borrowing, not just the APR. 


Q. Can I get a payday loan if I don’t have a debit card?

A. Absolutely. All you need to do is ensure that your bank or building society has direct debit options, then simply click the “no debit card option” on your application.


Q. How do repayments work?

A. To make it as easy and as convenient as possible for you, the lender will take the repayments from your account on the agreed date, either from your debit card or via direct debit. You must always contact your loan provider if you are struggling to meet your repayments to avoid fines or large interest repayments. You can organise repayment arrangements whereby you just repay interest until you are more sorted.


Q. Does my loan come direct from

A. Although is not a direct lender, we will use the most sophisticated online technology will be used to search more than 40 lenders at once so as to find a payday loan that suits your needs.


Q. What happens if I cannot repay on time?

A. Everyone is aware of the difficulties that can arise with money and debt, and with that in mind you must always let your lender know if you are struggling with your repayments as they may be able to help you out.

To avoid this scenario and possible fines, only ever borrow what you are certain you can pay back.


Q. Are the lenders with considered to be responsible lenders?

A. All of the many lenders we deal with are bound contractually to adhere to Responsible Lending. Some of the targets involved in this include:

-Tailoring each loan to the specific needs of the customer

-Ensuring that each individual is capable of repaying their loan

-Supplying clear, concise documentation and ensuring good communication

-Keeping customer satisfaction at the forefront

-Good customer service

If you would like to talk to someone about your debt or money problems, you can find free impartial advice at:

The National Debt Helpline

The Citizens Advice Bureau

The Consumer Credit Counselling Service


Late repayment can cause you serious money problems. For help, go to

Online Application

1. Apply Online

2. Online Decision

3. Loan Transferred

  • Borrow up to £1000
  • Simple on page application
  • All circumstances considered

APR Explained

Representative 277.5% APR (variable)

  • Representative APR Example:
  • Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed). The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable).
  • Note: this is an average representative APR. Your rate could vary depending on the payday or short term loan lender that accepts you