Frequently Asked Questions
What is a payday loan?
A payday loan provides you the opportunity to obtain cash in emergency situations. It is not meant to be a long term solution. If you are concerned about your financial wellbeing, please contact a credit councillor
How much may I borrow?
You can borrow up to £200 for your first loan. Once your first loan has been repaid in full, you will have the option to borrow up to £1000 for each subsequent loan. The maximum amount that you may borrow is based on your take home pay.
What if I am self employed?
Unfortunately, we cannot lend to those who are self employed.
Do I need to have my salary paid directly into my bank account?
Yes, in order to qualify your salary must be paid directly into your bank account by your employer.
How long may I have the money for?
Each loan must be repaid on the day that you receive your next regular salary payment. The maximum duration of the loan is 31 days.
How do I repay the loan?
On the date that your loan is due to be repaid, we will automatically debit the entire loan amount plus the fees from your bank account. You will then be able to request another loan the very same day.
|
