It is quite easy to apply for a payday loan as most of the time is via an online application that takes around 4 minutes to complete and communication is mostly over email or text message. It is quite easy to fall for payday lender who broker your details onto other lenders, so always read the label!
Faster payment services are used to easily send cash to your bank. After signing your loan agreement online, you bank can be funded within 1 hour, it is as easy as that. Depending on the way the lender performs their routine when checking you and your application, the time to fund may differ based on your unique circumstance. Although, different people have different scenarios, financial status, lenders tend to stick to the same process when underwriting.
Easy payday loans have borrowing limits between £100 to £1,000 and loan terms may vary depending on which short-term applied for. Compared to the fees that were applied by payday lenders before the year 2014, it is much less now. Late payment fees are now capped at £15, and there is no charge for faster payments service. Therefore, funds are now easy to receive and cost free.