How our loans work?

We have designed our short term loans to be affordable and manageable, when we approve a loan we take into consideration the information you provide in your application in addition to information obtained from Credit Reference Agencies to only lend you an amount you can comfortably afford to repay.

The loans we provide are considered High Cost Short Term Credit, we’re cheaper than most online lenders however the loans we provide are not suitable for supporting sustained borrowing over long periods.

What are the terms?

You can apply for any amount between £100 – £500,  loans can be repaid back over a maximum term of 6 months, because we’re so flexible we can take repayments based on your income cycle, so you can repay the loan back weekly, fortnightly, four-weekly or monthly.

Unlike other lenders we only take repayments via Direct Debit on an agreed date, this means your protected by the Direct Debit guarantee, we do not take Continuous Payment Authority payments (CPA) or make multiple requests for payments from your account.

What is the process?

Before making a loan application you should assess your current personal and financial situation to see whether this is the best option for you, if you believe you can manage a loan then select the appropriate loan amount and term and apply.

We will ask you to provide some information about your employment, income, expenditure and current debts, it’s important that you provide accurate and complete information during the application as it will help us to make fair decision.

Once you have completed the application page and agree to our ‘terms of service’ we will carry out some searches with Credit Reference Agencies to verify the information you have submitted and provide you with a decision.

What happens next?

If your loan application is approved we will explain the terms and conditions of the loan by providing you with all of the relevant loan documents, it’s really important you read these documents carefully and don’t hesitate to contact us if you have any queries.

Once you are satisfied with the terms and conditions you need to agree to the terms, at this point you loan money is ready to be sent to you, if your loan is approved before 14:30 on a business day your money will be transferred to your bank account by 17:00 the same day, if your loan is approved after 14:30 your money will be transferred by 11:30 the next business day. If your application is approved on a weekend or Bank holiday then funds will be available in your account on the next business day. Times may vary for applications approved via telephone call back.