PaydayUK claim to be one of market leaders in the Payday Loans sector. They provide short-term cash loans for emergency situations and provide an instant online decision, without having to fax any documents.
So, are they the best online payday loan provider? Well, their customers certainly think so!
A recent survey by financial services consulting group Auriemma, revealed that 87% of PaydayUK customers would recommend them to a friend and 95% of customers claim that their customer service is helpful and easy to understand.
Payday UK offers loans of between £80 and £750 without the need to fax any documentation and applications can be made online or by telephone. Loan agreements are then displayed online for customers to sign. There is no need to wait for them to arrive in the post!
Loan charges range from £20 if you borrow £80 up to £187.50 if you borrow £750. Basically charges amount to £25 for every £100 borrowed and there are no administration fees.
To qualify for a loan you need to be:
- Over 18 years of age
- Be in permanent employment
- Earn more than £750 per month after tax and national insurance
- Have a bank account with a valid debit card
- Get paid monthly
For more information on Payday UK payday loans, check out our more info page!
Other Information
Company Owner: MEM Consumer Finance
Member of Regualted Body: No
Maximum Loan Amount – Existing Customers: £750
Typical APR: 1737%
Flat Rate of Interest: 25%
Cost to borrow £100: £25 per £100 borrowed.
Deferred Payment Option: Yes
