Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative example: £400 borrowed for 30 days.
Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable). Representative 728.9% APR.
We are a licensed credit broker, not a lender.

Borrow up to £2000 today*
   

You are only minutes away from a decision!*

100% Secure Online Application

FAQ

Payday loans are growing in popularity. Many UK consumers find payday lending a convenient option, especially when financial assistance isn’t available from family, friends or conventional lending institutions. Since it’s a fairly recent phenomenon in the United Kingdom, though, you may have questions about how this type of lending works. Read on to find answers to our most common inquiries.

What are the requirements to borrow money?

In addition to being at least 18 years of age, you must be employed and have a bank account in the UK.

Can I still apply for a loan if I’ve only been employed for a short time?

You may still qualify for a payday loan, even if you’ve only been on the job for a few months. However, fewer options from a smaller number of lenders may be available to you.

How do I apply?

Our entire loan application process takes place online. Apply online using our simple application — no bank visits or mailing / faxing of paperwork are required.

How long does it take to get approved?

A decision will be reached quickly, usually within 24 hours.

Must I borrow a large amount?

No. Unlike conventional banks, payday lenders provide loans as small as £100 or less.

What can I use my loan for?

Anything! From textbooks or car repairs to musical gear or groceries, your money is yours to spend as you please.

How will I get my money?

You will receive your funds in the bank account for which you supplied an account number.

When must I pay it back?

You may set up a short-term payment plan or pay in one lump sum on your next payday.

Are there any hidden fees?

No. All charges are clearly stated upfront, including the amount of interest due on your loan.

What will happen if I can’t repay my loan on time?

Although payday loans are less restrictive than conventional bank loans, you must make each loan payment by the due date. As with loans from traditional banks, information on defaulted loans and missed or late payments will be provided to credit reporting agencies. Your credit history will reflect negatively on you, and you may have difficulty receiving loans, bank cards and other forms of credit in the future. To avoid negative financial consequences, please contact us if you have difficulty making your payments. We’ll work with you to stay on track and achieve your money goals.

If we haven’t answered your question here, please contact Payday Wizard. We’ll give you any information you need so you can be on your way to receiving funds in your bank account.

  • Comodo secured

Latest Posts From Our Blog:

May 22nd, 2017
Can You Take Out A Payday Loan With A CCJ?

If you have been looking for a loan but have found yourself rejected, this could be for a number of reasons. Maybe you have had previous debt problems, have an adverse credit history or a low credit score due to not having borrowed much in the past. One of the major reasons that many people [Read More]

May 8th, 2017
Are Credit Unions An Alternative To Payday Loans?

Whilst payday loans are a relatively recent financial product in the United Kingdom, credit unions have been in existence since the 1960s. Offering a range of services to their members including current accounts, savings accounts and loans, they are often lauded as an alternative to payday loans. We take a look at credit unions, what [Read More]

April 22nd, 2017
How To Survive On A Student Budget

Are you a university student or considering going to university? It’s never been more expensive to be a student in the UK, particularly if you live in England and Wales where universities are able to charge up to £9000 per year for tuition fees. For an average undergraduate degree course, this means that students can [Read More]

* Subject to lender approval and requirements.

Terms and Conditions | Privacy Policy | Complaints

Copyright 2018 Payday Wizard, all rights reserved.

Payday Wizard, 138 Marylebone Road, London, NW1 5PH, United Kingdom