subject: Payday UK - Payday Loan Lender Review [print this page] Payday UK - Payday Loan Lender Review Payday UK - Payday Loan Lender Review
They are the market leader for Payday Loans in the UK. Payday UK have a secure online application form/procedure so there's no need to worry about the security of the details you need to submit.
There are no arrangement fees or hidden fees when obtaining your personal payday loan with Payday UK. They charge the standard 25 for every 100 borrowed and because there are no hidden fees the APR rate of 1737% is on the lower side for the payday loan industry.
PaydayUK offer a free BACS (up to 3 working days) funds transfer service to your bank account but do not offer a same day transfer - even if you want to pay for it. The only way you can get a same day transfer is if you have a bank account with the Halifax, and then it will be free if you apply before 3.30pm!
If for a good reason you cannot repay your loan by due date then you have the option of deferring the loan. This is also known as rolling over the loan. If you do this you will have to pay the interest charge and one-quarter of the loan balance. If you pay back the entire loan you can take out a new one - this can be done as many times as you wish (provided they approve you each time).
One can apply by phone, as well as online, for a payday loan with Payday UK. They have friendly, helpful staff taking calls.
Payday UK offer a fully online and no fax payday loan service. Occasionally they will ask for some documents to be faxed in if they cannot identify you or if they need further proof of income.
Main Advantage highlighted in this Payday UK Review: They understand that occasionally some customers will need to borrow money for a second month. So they allow customers to defer their payday loan to the next month - but the interest charges for the current month must be paid. Also, as a responsible lender, Payday UK encourages you to pay-off as much of your initial month's loan principle as possible so that your next month's interest charges are lower.
To read more than just this Payday UK Review, visit www.whichpaydaylender.co.uk to compare and review all payday lenders and get the best deal possible on your next payday loan.
