Apply to borrow from 100 to 25000*
- Instant Decision
- 60-Second Application Form
- From £1,000 to £25,000
- Rates from 5.7% APR to 278% APR*
- 3-36 month repayment
Apply to borrow from 100 to 25000*
- Online decision
- Responsible lenders
- Apply to borrow up to £3000*
- Rates From 278% APR – 1576% APR*
- 3-12 month repayment
What Are Unsecured Loans?
Even without collateral to pledge, there are still options to choose when applying for a loan. For loans without security deposits, these types of loans are considered unsecured. Unsecured loans allow borrowers to request for funds without giving up an asset as a security deposit. Personal loans, payday loans, credit cards, and student loans are just some examples of an unsecured loan. It is a very convenient source of funds without having to deal with the complicated approval process. However, these types of loans are often accompanied with higher interest rates.
How will MY
To apply, you don’t have to leave your homes or travel miles. The process is amazingly fast and secure. All you need to do is to fill up a form online. In as fast as two minutes, you can have the result of your application without waiting hours in long lines. Your personal and banking information is safely secured.
Paid Into Your Account
Once approved, the borrowed funds are immediately sent to your checking account. No fuss, no hassle. In just minutes, you get the money that you need without going through complicated requirements and documents. A perfect solution for emergency situations.
Your credit problem is never a problem with us. Even with bad or poor credit, you are still eligible to take advantage of our services. Our lenders offer cash assistance without the need for you to undergo a credit check. If you can pay the loan on the agreed schedule, your credit line will never be a problem.
- WHAT ARE PAYDAY LOANS
- HOW DO I APPLY?
- MUST I HAVE A GUARANTOR?
- WHAT’S IN IT FOR US?
- HOW LONG DOES IT TAKE TO GET PAID OUT?
A PAYDAY LOAN IS A TYPE OF CREDIT THAT IS SUITABLE FOR WHEN EMERGENCIES OCCUR
If you find yourself stuck in the middle of nowhere with no money in the bank and no cash on hand, the best thing that you can do is to apply for a payday loan. Payday loans are easily acquired and don’t require complicated documents, making it the best cash assistance fund during emergency situations.
- WHAT ARE GUARANTOR LOANS?
- WHAT ARE LOGBOOK LOANS?
- WHAT ARE PERSONAL LOANS?
Services We Provide
Long Term Loans
This payday FAQ is meant to provide answers to common questions that many people have when applying for our payday loans UK. If there is anything you would like to know more than what we have provided here please feel free to contact us and speak to our customer care agents.
Are you a lender or a broker?
Online loans are advertised by either direct lenders or by brokers. Brokers are not responsible for giving you the loan. They only link you to a suitable lender who is most likely to lend you the money. A direct lender on the other hand is responsible for lending the money to you. You can save a lot of time by working directly with a lender.
Loansgreen is a direct lender and as such we are responsible for offering you loans directly. We will review your loan application quickly and ensure the funds are in your account in an hour after approval and if too late on the same business day.
What is a Payday loan?
A payday loans is a short term loan that is meant to be repaid when your paycheck comes. At Loansgreen we offer payday loans to people who have the ability to repay the loan on the payday.
We also offer more flexible repayment terms for those who feel they might not be able to repay the loan once. Further, you can also take advantage of our rollover option to extend the payment duration if you are unable to make payments on your loan.
Take note however that rolling the loan over means you will have to pay more interest for the same principal amount. For instance if you had a loan of £100 for 15% interest when the loan is rolled over to the next payday the interest becomes 30% for the £100.
How do I apply for a Payday loan UK?
To apply for a payday loan with Loansgreen you will be required to fill in the application form provided on our website. You can first determine whether you are eligible for the loan even before you apply. After than we will go through your application to determine whether you are suitable and how much money we can lend you.
The amount of money you can get will be determined by what our underwriters feel you can afford and be able to pay comfortably. We aim at ensuring that you can repay your loan with ease so you can grow your credit score.
Can I get a payday loan UK with bad credit?
Yes. At Loansgreen we do not use your credit score as the main determinant of whether you will receive the loan. We aim at understanding your current financial situation to determine whether you can afford the loan or not.
We therefore do give loans even to people who have bad credit and who may not be able to get a loan from the bank. Our approval process is fast and favorable to many borrowers who come to our platform.
What do I need to apply for Payday loans UK?
Just like any other typical loan application you will be required to provide some information to enable us to understand your financials better and know how you are as a person. For this therefore we will require your personal information including name, address, phone number, residence, social security number and so forth. We also require you employment information including; name of employer, status of employment, how long you have held your job and so forth.
Finally we require your financial information which will include information such as your bank account number, bank balance, whether you have any other loans you are paying for, when you get paid and so forth. All this information that is collected is meant to help us know who you are and help our underwriters determine what you can afford.
We are regulated by the FCA and therefore we use your information for the purposes that help us attain the goal of getting you a loan. We do not sell your private information or share it with any third parties. Further, we have put high security measures on our website to ensure that your information is safe with us.
Am I eligible for a payday loan direct lender UK?
You can check whether you are eligible for a loan with Loansgreen, using the eligibility checker on our website. This takes only a minute of your time and you are instantly told whether you are eligible or not. If you are eligible you will be advised to continue with the application process so that when approved you can the money as quickly as possible.
Our application process is 100% online so you can do it from the comfort of your home or anywhere you are. You can access our website from your laptop, desktop, smartphone or any other mobile device. You are eligible for Loansgreens loans if you are over 18 years of age, have a source of income or are employed, have an active bank account that accepts direct debit and if you are a UK citizen.
Can I get a payday loan UK without credit check?
Many borrowers are looking for a way to keep their credit records protected so they can grow their credit score. It is however impossible to get a loan without a credit check from an approved lender. At Loansgreen we are approved lenders and regulated by the FCA and as such we must perform a credit check before we issue a loan.
At Loansgreen we conduct a simple soft credit pool that doesn’t leave foot prints on your credit record. This means that even if we do not give you a loan your records will still remain as they were. Having to many negative records of loan denials has an overall negative impact on your credit score and we aim to avoid that.
You do not have to worry even if you have bad credit because our decision on whether to offer you the loan depends on the demonstration of your ability to repay and not the credit score you have.
When should I repay the payday loan?
In most cases the loan is supposed to be repaid after 30 days or during your next payday whichever comes first. This means that if you apply for the loan one week to your payday then you have a week to repay the loan. Since you are deepening on your paycheck which is guaranteed to come then this repayment urgency should not be a worry.
How much money can I get with a payday UK?
At Loansgreen you can get payday loans anywhere from £100 to £2,500. Our other short term loans are more than that and have a longer repayment duration than payday loans. The amount you get is dependent on your ability to pay so we cannot offer you a loan we feel you will struggle repaying.
If am approved does it mean I have to take the payday loans UK?
No. if you are approved and have changed your mind about the loan then you do not have to take the loan. Our process is a no obligation process. You can withdraw your request for a loan at any time. However if you wish to continue you may do so by simply accepting the terms and conditions and confirming your information for the loan to be processed.
Can I have more than one payday loan UK?
Unfortunately you can only take one payday loan at a time. After you have repaid the first loan completely then you are allowed to apply for another. It is not advisable to immerse yourself into so much debt as failure to repay can have dire implications on your credit score. Maintaining and managing one loan at a time is the best way to ensure you have control over your finances.
What happens if I am unable to repay the loan immediately?
If for any reason you are unable to repay your loan as required, make sure you contact us immediately. We can offer you a loan extension or a rollover of your loan. This will not reflect negatively on your credit score because of the changes in terms. Extending your loan is not advisable and it will be more costly than if you just repaid your loan as required.
Failure to completely repay your loan will influence your credit rating negatively. It can also lead to legal action and you may lose possession of your items if you had taken a secured loan. It is advisable that you know exactly how you intend to repay the loan before you take one.
If you had a guarantor on your loan which is not mandatory to have the guarantor will be charged for the loan repayments automatically. If you choose the best payday loans UK, repaying your loans becomes easy because you enjoy good rates and you are really given a loan that you can afford.
I need to know more, what do I do?
If this payday UK FAQ has not answered all your questions about payday loans UK you can always contact us for more information.