Frequently Asked Questions
How does Easy Payday Loan offer its services?
We're a loan broker that connects you to the lenders that may be right for your situation. To get a loan through Easy Payday Loan, all you need to do is to fill out our application form. Then we will send it to our lenders, and once they review and approve your application, you will usually receive their money the same or the next business day.
What are the requirements for your loans?
Each lender comes with a different set of requirements, but basically, to be able to take a loan from our lenders, you should:
- Be an 18-year-old or older UK permanent resident
- Have a valid email address and phone number
- Have a regular source of income
- Have an active bank account
- Have no other outstanding payday loan with the same lender
What is the maximum amount and term of your loans?
On Easy Payday Loan, you can borrow up to £5000, and your loan term ranges from 30 days to 36 months.
What is the APR of your loans?
The exact APR varies between different loan offers. It is mainly determined by the type, amount and term of the loan you're applying for, and your credit history.
Does Easy Payday Loan check credit scores?
We never check your credit history. But when you are matched with one of our partner lenders, they will run a credit check on you, as this is required by the related regulations in the UK to make sure you're treated fairly.
Do you offer instalment loans?
Yes. Easy Payday Loan doesn't just help you get payday loans. You can also borrow other types of loans from our lenders, including instalment loans, bad credit loans, same-day loans, and more.
Does Easy Payday Loan have any requirements for my credit history or employment?
If you have a bad credit history or are unemployed, you can still be eligible for loans from our partners. There are still many lenders in our network that offer loans for bad credit or unemployment. They will be happy to lend you money as long as you can show them your ability to pay it back, or the proof of a stable income source.
How quickly can I get my loan?
This depends on the lender you're dealing with. But in most cases, our lenders will process your loan request swiftly. They will contact you and give their decision the same day when you submit your application. Once your application is approved, they will also transfer the money to your bank account as fast as they can.
What happens if I can't pay back my loan?
If you think you can't pay back your loan, it's important to talk to your lender. Your lender may be able to help you find a solution. Make sure that you speak with them before making any decisions that could affect your credit rating.
And if you need professional advice on your money problem, you can visit the website of moneyadviceservice.org.uk and seek free help on your financial problems.