Which payday loan is best for
people with bad credit?
Which payday loan is best for people with bad credit?
High levels of successful applications
we can payout your funds fast
Statements clearly show repayments
Everything can be completed online
Finding Low Interest Payday Loans
Anytime in life, an emergency situation can happen and you simply can’t predict when you may be needing some extra money. And if the banks and mainstream lenders just won’t give you the money that you need in times of dire need, you can always consider payday loans. Taking out these loans is fast and easy and you don’t need to look for a collateral or a co-signer to get a sweet deal. One major disadvantage, however, is the costs, which can be a bit higher compared to other forms of credit. The good news, though, is that not all lenders follow the same fees and charges in their services. Here is how you can find low interest payday loans.
Read on to find out how you can get the most out of your Low Interest Payday Loans.
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Representative Example: £160 loan for 15 days at a fixed interest rate of 290% pa. Total amount payable is £179.07 in one single repayment. This is based on the amount of credit plus interest, no other fees apply. Representative APR 1449%
Comparing Your Low interest options
Normally, interest rates will vary depending on the place that you reside in and in the company that you are borrowing money from. To find the best payday loan deal that can save you money from lower costs, here are the 3 things that you need to consider:
1. Interest Rate – Interest rate is without a doubt the most important thing that you need to consider when availing for a payday loan. To find the best offer, always keep in mind to check the company’s interest rates to their loan services and compare them with different lenders to find out which one offers the most affordable.
2. Extra Fees and Charges – There are lenders who will charge extra for their services so make sure that you have a good idea on what they are upfront to have a clear picture of you might have to pay. Opt for lenders who charge the lowest or better yet those that charge nothing at all.
3. Time to Process Your Loan – How long you will get the amount that you availed for will depend on the lender so always opt for the one the provides the quickest payout. Applying online might be your best option if you want your money deposited instantly in your bank account, usually in just a few hours or on the same day that your application is approved.
Affordable Payday Loan Features
To find the most affordable payday loans, here are some of the key features that you need to look into:
APR or Annual Percentage Rate – Interest rates for payday loans are measured through the APR and this can vary depending on the lender. Affordable loans come with lower APR although they may still be higher than most types of credit like credit card advances and traditional bank loans.
Late Payment Charges and Penalties – Lenders will charge you with extra for late and missed payments, loan refinancing, and the like. The FCA has put a cap on how much lenders can charge their borrowers in extra fees and charges just make sure that you opt for the one that provides the least in terms of cost.
Applying Online – Affordability in a loan is not only weighed in terms of interest rates and charges but also in the time and money that you spend for applying for it. When taking out a loan in a bank, for example, you also need to consider the costs that you will incur on traveling from your home to its nearest branch, upfront fees for application, and all the time that you need to spend from application to approval. To free yourself from all these expenses, apply online and you won’t have to spend a dime with its easy, fax-less application and instant turnaround that can take just a several minutes to accomplish.
Credit Score Not Important – Affordable payday loans are also offered even to borrowers who have bad credit scores. Lenders are only considering whether or not you can repay the loan and if you have a job and your payslip says that you are capable of making the payments, it’s reason enough for lenders to approve your application.
Important Things To Consider Before Applying
When taking on a payday loan, be sure to check the terms and conditions first before getting on a legal, binding agreement, to have complete knowledge and all the different fees and charges attached to it. This way, you will know whether or not it is the kind of affordable deal you are looking for a quick loan. Lastly, don’t forget to take your time and always compare lenders and their respective services to land the payday loan deal that provides the least interest rates and instant payouts.
5 most recent personal loan reviews
So friendly and so easy to be accepted. I needed a loan to help out a family member and I've been able to do so, so quickly. Daniel at H&T was so polite and helped me understand everything thoroughly.
Review posted by Aimee Walls, Carlisle
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Post Office, thank you so much! I will definitely be recommending you for your helpful and professional support, from receiving my completed application you were very quick in processing my application. I applied in one day and by the second had my loan. You gave clarity when needed and made me feel that I was not just a number. Thanks again.
Review posted by Lisa Davies, Sunderland
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My experience with this great team has been superb, I've had five star quality service since day one and my application processed rapidly, there is no messing about and they provide real fast and strong customer service which I am happy about, I know where to come next time, thanks for all your help.
Review posted by Joe Irving, Leeds
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