New Payday Loan Lenders

New Payday Loan Lenders

New payday loan lenders are appearing every day. This is because of the demand for payday loans as more and more people are becoming aware of the ease and simplicity with which we can borrow money these days.

 

You no longer have to apply for a loan through your bank if this is not feasible or if they consistently refuse you credit-you can apply with one of the many new payday loan lenders and enjoy the quick service and easy repayments offered by online loan companies.

 

There are lots of advantages to a payday loan over more well known traditional forms of borrowing. In the past, people have borrowed from a bank or from family or friends-this is all well and good, but more often than not our loved ones are in a similar financial situation and are unable to help out, and the bank loan option can be very slow and frustrating as it often ends in a refusal.

 

When you apply for a loan from any of the new payday loan lenders, you will be amazed at the speed and simplicity of the service.

 

How do New Payday Loan Lenders Work?

Once you have searched the web and found a new payday loan lender that suits your particular situation, you will be asked to fill in a short application form, stating how much you want to borrow and when you will be able to pay it back. Once approved, money will be deposited directly into your bank account and you can breathe a sigh of relief! The final step is to pay back what you borrowed-this is also simple and easy, as the funds will be taken from your account on the date you specified, making it a very convenient repayment method.

 

Is it Safe?

You have absolutely nothing to worry about when you apply for a loan from new payday loan lenders-all the online companies are tightly regulated by independent financiers, so all your personal data and sensitive information will be kept safe.

 

Am I Eligible to use New Payday Loan Lenders?

To work out if you are suitable to apply for a loan from new payday loan lenders, all you need to do is answer YES to the following questions:

 

-Are you over 18?

 

-Do you have a bank account capable of accepting electronic transfers?

 

-Are you a UK resident?

 

-Do you earn over £500 a month?

 

It’s that simple! Once you have worked out if you are eligible to apply, all you need to do is search for a company with Terms and Conditions that fit your situation-each company will differ slightly, so it is worth shopping around until you find the right one for you.

 

How Do I Repay My Loan?

I’m glad you asked. Repaying your loan is a vital part of the process-failure to do so can affect your credit rating for the future and defaulting on your loan will result in expensive interest repayments. Always make sure that you have sufficient funds in your account on the date that you agree payments will be taken and you will have no problems.

 

What Can I Use Short Term Loans For?

There are no hard and fast laws governing your use of the money you receive from new payday loan lenders; you can apply for any reason in times of financial hardship and you will not be asked to state why you need the money. Everyone goes through times where there just isn’t enough money to cover the bills, and new payday loan lenders understand this. You do not have to feel embarrassed for needing money because you have missed a phone bill or two!

 

You can use short term loans to cover any financial hardship you have; whether it is because finances have gone awry through no fault of your own or whether you have got yourself into a mess-new payday loan lenders are here to help, whatever the problem.

 

You no longer have to wait for office hours to apply for help; instead of standing for hours in a bank or building society you can apply for a helping hand from the comfort of your sofa.

 

The process is so quick and simple-as soon as you realise you are in over your head and have no way out, you can apply and be approved for a short term loan in the space of an hour. New payday loan lenders will check your application and credit, and can have funds in your account on the very same day.

 

This type of borrowing is great for a short term fix, but do bear in mind the fact that you will only be eligible for up to four loans in a year as it can be a very expensive form of borrowing. The interest rates are necessarily high, otherwise the lender would not make their money back-it is just the same as taking out a bank loan, just spread out over a much shorter timescale. New payday loan lenders are ethical, and are regulated by outside financial services, so you will not be accepted for a loan that you cannot prove that you can repay.

 

Whatever your financial situation, whatever you need the money for, and whatever your previous borrowing history, you will be considered and are likely to be approved for a loan from new payday loan lenders. It can be a real helping hand in times of  financial drought.

 

MiniLoanShop.co.uk

Warning:

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

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 277.6% APR

  • Representative Example:
  • Amount of credit: £850 for 11 months at £146.30 per month. Total repayment of £1,609.25. Interest: £759.25. Interest rate: 150% pa (fixed). 277.6% APR Representative. APR rates range from 45.3% APR to 1575% Max APR
  • Your APR rate will be based on your circumstances.
  • Rates from 45.3% APR to 1575% APR - we provide a no obligation quote; your APR will be based on your personal circumstances.