Text Loans.co.uk has been arranging text loans since 2008. The company has developed a unique software platform that connects message based interfaces allowing banks to transfer payments automatically at any time of the day or night.
Once you have registered on the Text Loans website you will receive a PIN that you can use as your password. All you need to do to request as a loan is send a text. Simple as that! Once accepted, you will receive your cash within minutes. To repay your text loan, a debit will be taken 15 day later.
One of the benefits of using Text Loans.co.uk is the fact that you can continue to use the service whenever you need it, making it a very easy, convenient way to obtain cash quickly.
If you live in the UK, have a UK bank account with an active debit card, mobile phone and email address you can apply for a text loan. Once you have applied online you will receive a text message informing you if your application has been either approved or declined. Pretty straightforward!
Make sure you provide accurate and up to date information when you apply. You will need to supply your name and address, phone numbers and income details along with your bank account and debit card details. There a no charges when applying for a text loan online.
A credit check will be carried out on all applications, however a low credit score does not mean that you will be refused a loan. You will need to have a regular income and application are accepted from both homeowner and tennants. You may need to provide Text Loans.co.uk with additional information, such as bank statements, so be prepared once you have submitted your loan application.
There lending terms are very flexible due to the fact that they will accept applications from people that are employed part-time as well as full-time and your salary/wages can be paid weekly or monthly.
The maximum amount you can borrow from Text Loans.co.uk £100 if applying for th fiest time. Once you have been accepted you may then borrow up to £300 at a time. Your loan will be transferred within 15 minutes of your application getting accepted, 24 hours a day, 7 days a week.
Is a Text Loan for me?
Unlike traditional payday loans that are typically for loans over £300 you can use a text loan whenever you need a short-term cash boost. Interest on a £100 text loan is only £17, which makes this type of loan far more cost effective than going overdrawn at your bank.
For more information on Text Loans check out the more info page!
Other Information
Company Owner: TxtLoan Limited
Member of Regualted Body: Text Loans are registered under the Money Laundering Regulations 2007
Maximum Loan Amount – Existing Customers: £300
Typical APR: 4497%
Flat Rate of Interest: 17%
Cost to borrow £100: £17 per £100 borrowed.
Deferred Payment Option: No
