FAQ for PaydayLoans and Same Day Payday Loans

Paydayloans were created in order to provide a quick and easy solution for short term financial difficulties.

I heard from friends that there is some sort of loan that I can receive within 24 hours, is it true?
Yes, these loans are called same day payday loans which, if you are approved for, you will get within 24 hours from sending in your application.

I am 17 years old with a steady job, and interested in buying a new motorcycle, am I eligible for Same Day Payday Loans?
The requirements for same day payday loans may range between certain incomes,
credit record and job types.
However when it comes to age- there is no question, you will need to be the over
the age of 18 by law even if you have a steady job.

My monthly payment for rent is coming up and I am penniless. I am afraid that my landlord will not be very understanding about it.
- Can I use a payday loan for this purpose?
Of course, paydayloans provided to you can be used for anything you wish,
such as paying your rent, electricity bill or anything else. Simply keep in mind that there is a high interest on the loan, but if you have no choice this is definitely the way to go.

What is the timeframe for returning paydayloans?
You would need to repay the full amount of your loan with your next paycheck.  
In some cases this time limit is not suitable to your needs and therefore you can extend the loan for an additional payday, though the interest rate will rise accordingly.

I applied for a same day payday loan online for the first time.
- How long do I need to wait until I see the money in my account?
The same day loan application process is quite simple. From the moment you have started the (and were approved) you should be able to see the full amount in your account within 24 hours.

In the past I have used the PaydayLoans service twice. Today I am finding myself in some financial problems again;
- Can I have another loan for a third time?
In the case where you have repaid yourloans back, and have no standing charges with the payday loan company, you should have no problem receiving additional PaydayLoans.

Will Same Day Payday Loans affect my credit card history?
PaydayLoans do not show up on your credit history as long as you repay them in time and they are not taken into consideration when your application is evaluated online.

I am a self employed, am I able to receive a payday loan?
Unfortunately we cannot offer same day payday loans to the self employed.

What would the repayment be on £300 same day payday loans
Typically, the repayment would be £25 for every £100 you borrow. For £300 it would equate to £75 on top of the £300 you borrowed, which means a total repayment of £375.

I have only just started work and have not received my first salary yet. Am I able to get PaydayLoans?
Most lenders would need to see that a salary has been paid into your bank account before, so in your case you may have to provide proof of employment and salary details.

Is there a limit to the amount of money that I can borrow when applying for paydayloans?
The general limit is £1000 and this would need to be repayed on your next payday. You would need to make sure that you are able to repay this amount in full by your next salary date.

I have been denied paydayloans in the past, but now I am on a much higher salary. Will my applications be accepted this time round?
You may not have met the criteria when you applied for same day payday loans previously. The criteria is that you are a UK resident, have full time employment and are over 18 years old. Also, you may have had one or more paydayloans outstanding at the time of your previous application and this may have affected your application.

Are PaydayLoans available to pensioners? I have a steady pension income from a private source and would like some extra money to take with me on my holiday.
Unfortunately, same day payday loans are only available to persons who are in full time employment at the time of their application.