Money in your bank today!
Loan
Need cash in your bank today?
PaydayUK has access to the Faster Payments Service, enabling you to
have your money in your bank today†!
Different types of loans
There are so many different types of loans available for different purposes, and this can make looking for a loan a daunting task.
From secured loans to unsecured loans, home loans to short-term payday loans, they are all different types of loan with a different purpose, but they all involve the redistribution of money between a lender and a borrower. As a borrower, you receive an amount of money from the lender, which you will have to pay back later. This service is provided at a cost, referred to as interest, or annual percentage rate (APR).
Loan from PaydayUK
Here at PaydayUK we specialise in a type of loan called a payday loan. A payday loan is a small, short-term loan that's intended to cover a borrower's expenses until his or her next pay date arrives.
PaydayUK's payday loans range from £100 to £750 and are taken out from the date of application to your next payday.
We charge £14.50 per £50 borrowed on our payday loans and the repayment is taken automatically on the agreed date, which is normally on the day you are next paid by your employer. There are no set-up or admin fees on a loan from PaydayUK.
Payday loans are simple
The whole process of applying, receiving and repaying your payday loan from PaydayUK is as easy as 1,2,3!
- Applying for your loan — You can apply for a payday loan from PaydayUK online by using our fast and easy online application form, or by calling our freephone telephone number on 0800 280 25002 , where one of our team members will be happy to fill in an application for you over the phone.
- Receiving your loan — During the application process you will be asked to enter your bank account details. This is so we can deposit the loan into your account. PaydayUK now works with the Faster Payments Service, which means that as long as your bank accepts the Faster Payments Service then the funds can be in your account on the same day you apply. Visit www.ukpayments.org.uk/sort_code_checker/ and enter your bank's sort code to find out if your bank works with the Faster Payments Service†.
- Repaying your loan — During the application process you will also be asked to enter your debit card details. This is so we can take repayment of your loan on the agreed date, which is normally your next pay date.
The loan process for a payday loan from PaydayUK is so simple. All you need to do is apply. There is no hassle, no fuss and nothing further for you to do!
Understanding our loan charges
We charge £14.50 per £50 borrowed for new payday loans. Learn more about our charges.
Our charges explained
What our customers say...
'9/10 existing customers think MEM payday loans are a convenient way to obtain cash quickly.'
Read more feedback
PaydayUK have no hidden charges
We charge £14.50 per £50 borrowed and have no hidden charges and no fees. We keep it simple!
Read more...
Managing your money
PaydayUK provides access to information to help you manage your money more effectively.
Let us explain in full[†] Check with your bank if they accept Faster Payments; some banks may take up to 3 working days to clear the funds. For new customers, applications must be received by 1530 and completed by 1700. All loans are subject to final checks.
