Payday UK is a respected lender, simply because they have existed for quite some time, they set up in 2003 and ever since they have kept up to date with their competitors and they have a good reputation amongst many borrowers because of the high quality service that they provide. The application form is on online which usually takes less than 5 minutes to complete, which has the advantageous of being completed quickly, without much hassle and no onerous criteria or questions attached. Furthermore if you are out and about, they also have telephone service, where you can apply for loan and you can also ask the telephone staff any questions also, therefore you can be fully aware of every detail and can secure payment wherever you are within the UK, but not on the same day as the application. Payday UK offer a free BASC which will take up to 3 days to secure your payment, although they do offer a system which deals with urgent payments, but only if your bank is with Halifax, if it is, you can secure a payment within a day.
Fast loans from Payday UK
Payday UK prides itself on having no hidden charges, this is potentially why they have a good reputation amongst borrowers, as when you want to take a loan out from Payday UK you can be assured that all the figures will be made available to you up front. They set the standard charge of £25 per every £100 you borrow with an APR of 1737% which is extremely low compared to any other lenders in the market.
Consequently, although most of the time you may not get a same day payment unless you hold an account with Halifax, Payday UK offer an extremely enticing APR rate, which as stated is considerably low compared to other market leaders, so the APR rate is usually one of the main reasons why this company has a good reputation. They also cater for people with bad credit history, which is useful if you fall into this category.
Review of Payday UK lending service
Additionally, it should be noted that Payday UK do not offer huge amounts of money, it is usually anything between £80 to £750 and you must pay your loans back on a monthly basis, therefore you have a bit of time compared to some lenders who oblige you to make payments on a weekly basis. Payday UK also has a calculation bar on their website which helps customers keep track of how much they have to pay in total, therefore you can easily compare with other lenders. For example if you want to borrow £150 in total you will have repay £193.50, which is £43.50 interest, therefore you can see the honest nature that this provider prides itself on.
Generally, this lender is a popular one, they are honest from the start and their application process is relatively straightforward and does not take long to complete. There is a chance you can secure a same day payment, but not always, but the APR rate is extremely good therefore this must be given considerable rate at all times.