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Representative 277.5% APR. Representative 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).

Pay Day UK Loans

The requirements of payday loans in the UK are mostly the same for every payday UK lender in the country. Having seen many criterias, the most the common payday criterias would be:

  • 18 years or older,
  • Minimum income of £500 per month
  • Have a UK Debit card
  • Have a UK bank account
In most circumstances, the payday is most relevant when setting when you would like to repay the loan. Payday loans are used in emergency situations and carry a high interest rate in the UK. Setting a repayment date can secure you a positive settled account on a date when you are most lilley and ready to pay back the loan.

Lenders who offer Payday UK loans, may be part of the UK and so, will be regulated by the UK regulation on credit disbursed in the region.

Funds may take up to 24 hours to reach to your account. Most of the time, it may take up to 1 hour depending on the time and day the funding is set to take place. Mostly, speedy UK time is between the hours of 9 to 5pm, Monday to Friday and excluding any UK bank holidays. When applying for a payday uk loan, you may be asked for other expenditure information that will access your current financial situation and may help you gain a better insight on the UK assessment lenders have to carry in order to lend responsibly.

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