FAQ's Frequently Asked Questions
- Same Day Cash Advances
- No Faxing Documents
- No Security Needed
Before I apply for a loan
How long will it take to apply?
It should take about 2 minutes to apply. We need to take your name and contact details and confirmation of your employment as the loan is secured against your salary.
How much can I borrow?
You can borrow from £80up to £1,000 depending on your how much you earn and if you have applied before.
| Borrow Today | Repay on Payday* |
|---|---|
| £80 | £100 |
| £100 | £125 |
| £200 | £250 |
| £300 | £375 |
| £400 | £500 |
| £500 | £625 |
| £600 | £750 |
| £750 | £937.50 |
| £800 | £1,000 |
| £900 | £1,125 |
| £1,000 | £1,250 |
| Quick Cash Calculator | You Borrow | Repay on Payday* |
|---|---|---|
£80
£1,000
|
£200 | £250 |
£25 is charged for every £100 you borrow with us. Typical APR 1820%
* Payable in a single payment on your next payday - Other lenders may charge additional fees
What does APR have to do with payday loans?
APRs are a good at comparing similar long term financial products but are not so useful when comparing other products such as payday loans, especially when the loan period is only for a couple of days up to a month while regular loans are between 1 year and 20 years or more - as with a mortgage. APR stands for 'Annual Percentage Rate' - so the APR is worked out for 'annual' or yearly interest rates. Payday loans are for a short time (until your next payday) and as APR is generally used to compare loans over a longer period it can make things confusing and the APR can look a lot bigger than you would expect.
Imagine trying to hire a car and being told how much it would cost you if you needed it for a year - maybe £170,000 or more. How about booking a hotel room and being told it would also cost you about the same. However as payday loans are financial products we must legally display the APR and that is why we also tell you upfront and clearly what that means in real terms in how much you will need to repay which is £25 for every £100 you need to borrow.
Who can get approved for a payday loan?
If you are over 18, in full or part-time employment, self employed or even temporary or on contract and earning more than £500 a month, you are likely to qualify. All you then need is a bank account for us to pay the loan in, with a debit card for you to repay!
You need to:
- Be over 18 years old
- Be in full or part-time employment
- Be a UK resident
- Have a bank account with a valid debit card
- Be Paid by direct deposit, into your account
- Take home over £500 a month
Check out How to get a Cash Advance for more information.
What information do you need?
Our simple online form only requires the following information:
- Your name and address
- Your date of birth
- Your contact telephone numbers and email address
- Your employment and pay details
- Your bank account and debit card details
Why do you my personal information?
We are a responsible loan provider and this means that we need to verify:
- That it is you taking out the loan
- That you are employed and able to repay the loan
- That the loan goes into your account
- That you can repay us in a simple and hassle-free way
Will you run a credit check on my application?
A credit score check is not always necessary to apply for a loan with Payday Plus, however some lenders may credit check you before your application is accepted.
Will bad credit affect my application?
Not necessarily. We look at each application based on your recent financial situation and your ability to repay the loan.
Can I apply without a debit cardy?
We cannot offer you a loan directly if you don't own a debit card but our automated system can find you a lender who may be able to help you.
Getting a payday loan
How do I apply?
Simply click apply now and fill in our simple 2 minute application. You will get an immediate loan decision and as soon as you digitally sign to your loan, money could be in your account within 1 hour.
Are they really 1 hour loans?
In most cases yes. We will transfer the funds to your debit card account on the same working day as your loan is completed, loans can be paid in under 1 hour in most cases. Please note that some banks take up to 48 hours for money transfers to clear.
How will I get my money?
Your loan will be paid directly into your bank account, which is quick and simple and can be paid in under 1 hour in most cases.
Can I take out more than one payday loan at the same time?
Yes, it is possible but not recommended as you will have to repay both loans on your next payday in full. This could lead to a cycle of lending and even effect your credit rating.
Can I get a loan on the weekend?
Payday Plus works in partnership with a number of lenders and during weekends lenders who can fund your loan in real time are given priority, so it is possible but cannot be guaranteed.
Repaying the loan
How do I repay my loan?
The agreed repayment amount will be automatically taken from your debit card on your next payday – there’s nothing else for you to do.
Can I defer my payment?
Yes - although after deferring the payday loan twice we will ask you to start reducing the balance. This will incur new charges for every month the loan is due – but still at our fixed rate – there are no additional charges.
My payday or debit card details have changed
If your payday has changed, or you have a new debit card, please contact the customer services team as soon as possible and they will make the necessary changes!
What if I have problems paying?
We understand that people’s circumstances can change. If this is the case, you must let us know as soon as possible and we will do our best to help.
The most important things to note are:
- Don’t borrow money you don’t think you can pay back
- Talk to us and we will help as much as possible
Please correct the form fields in blue above
"I didn't know it was so easy to get the money and I took it out the bank as soon as I checked...Thank you so much"Rachel from Sheffield
Cash Loans
Same Day Loans are a quick and simple way to get cash into your account for whatever you need it for today. Cash Loans can be approved for people who are employed with a regular income. Full time, part time, contractors or self employed workers are accepted. If approved then your loan will be then deposited into your bank account usually within 1 or 2 hours and should be repaid on the agreed date, usually youe next payday. Bad credit is accepted as your ability to repay is more important than any bad credit history you may have.
