Payday Loans in the UK
If you’re looking for payday loans in the UK, you may be unsure where to even begin! Well, you’ve landed in the right place… We’re here to inform you of what you should be aware of when taking out a short term loan from a UK lender.
UK Payday Loans
When searching online for a payday lender around the UK, you won’t be surprised that there are a variety of loans and lenders waiting for you to choose. However, the main thing is knowing which one is best for you. You may think that you’re interested in a particular lender and find that you may not qualify. Which can, for the most part, be disheartening. Lenders cannot guarantee whom they will lend to before they have completed the relevant credit checks, however, it’s best to get yourself in the best position to be approved.
When it comes to see if you are eligible for a payday loan, lenders will often look at two points:
- You pass the relevant credit and affordability checks
- The lender is certain that the borrower can repay the loan
How to apply for Payday Loans in the UK
Usually, when applying for a payday loan in the UK, it involves completing an application form. Whether online or in paper format. With LoanPug, our application form is 100% online and requires no paperwork. You just need to enter your address, employment and banking details, as well as answering a number of questions. Once applied, the lender will review your application, run the relevant checks and decide as to whether or not you’ve been approved for a payday loan.
However, it’s not just the lender that should be running through checks. Before applying for any payday loan, always check the lending criteria. Some of the things to look out for are as follows:
- Have a registered UK address
- Over 18 years of age
- A UK resident
- In employment or have a stable source of income
- Own a valid bank account
Applying for a payday loan through LoanPig is simpler than ever. With no paperwork or invasive phone calls, you can apply safely and securely from the comfort of your home.
Once we have received your information and carried out the relevant checks, we will provide you with a prompt answer as to whether or not you have been accepted for a loan.