Loan2payday: The Ultimate Name in Payday Loans
Whenever you find yourself with some financial challenges, you have different options. You may decide to contact your friends and family and request for financial assistance, you may approach a bank and apply for a loan, and you can equally visit a credit lending company to get the necessary financial support to take care of whatever financial difficulties you need to fix.
Sometimes, due to reasons they have little control over, your friends and family may not be able to render the needed assistance, and you may be put off by the strict requirements of a bank. In that event, you are left with a single option: take a loan from a loan lending company.
If you find yourself in such a situation, there are different lending companies with different promises. They will promise to give you financial assistance, but mostly, they rarely live up to their billings and your expectations. That is pathetic and may leave you helpless and vulnerable to stress, anxiety, and depression as a result of your failure to meet those needs.
To avoid falling victim to these serious health challenges and the economic impact of not meeting your financial obligations, you have a trusted and competent third party that can connect you with a lending company. You can always count on this third party to be there for you to get guaranteed Payday loans for you. Contact Loan2Payday. Our partner site BadCreditSite.co.uk also offer Payday Loans on their website.
What is Loan2Payday?
Loan2Payday is a reputable loan lending company with years of experience and credibility built over the year as a result of meeting client’s demands and ensuring that their satisfaction takes priority over anything else.
Whenever have short-term financial needs, you can always look up to Loan2Payday to assist you in solving such a tricky financial problem. The company will get the most ideal and affordable loan from an array of lenders to fix that problem promptly.
At Loan2Payday, you will have access to different short-time Payday loan types, with each designed to meet a particular need. While the company is not a direct lender, its network of reputable lenders is always on hand to bail people out of temporary financial difficulties through the provision of the appropriate Payday loan to satisfy their urgent financial needs until you receive your next payment.
There are multiple benefits you can derive from patronising Loan2Payday whenever you want to take a short-term loan such as a Payday loan. However, before discussing the benefits, what are Payday loans?
What is a Payday Loan?
A Payday loan is a short-time loan that is giving to a borrower to meet up with some urgent needs. It is understandable that we are all vulnerable and susceptible to different life challenges. Life itself may play a fast one on you. You may need to meet an unexpected bill that you need to offset or have other unexpected financial obligations. You can take a Pay day loan to take care of it.
A Payday loan is usually small and unsecured, which gives freedom to a broad range of borrowers to have access to the loan.
This loan type is also called some other names such as payroll loan; cash advance loan, payday advance, short term, salary loan, or small dollar loan. Due to the short-term nature of the loan, it usually attracts higher interest rate than the usual loans. While taking a loan through the bank can be time-consuming, payday loans are easy to get, and you can get the money paid into your account instantly if you qualify for the loan.
Payday loans offer you the unique opportunity to borrow between £100 Payday loan and £5,000 Payday loan if you meet a set of requirements that will be discussed shortly.
Payday Loan Types
As I earlier pointed out, Payday loan comes in different sizes. Each loan type is created to meet a particular need of the borrower. If taking a Payday loan seems to be the solution to your urgent needs, consider taking a loan from some of the loan types here:
- Online Payday Loan
This loan type usually lasts for 14 days. You can take the loan by paying interest until you receive your next paycheck. The loan amount is usually between £150 and £800. The figure is not fixed because the loan amount you can get is determined by your income. The higher your income, the higher the loan amount you are entitled to.
Before you are considered eligible for the loan, you must have a stable job with a steady income if you are not on the payroll of any company. You don’t need to entertain any anxiety about when you will get the money. There are tonnes of online lenders that are ready to help you out, and you can be sure of getting instant assistance by depositing the loan amount into your account within 3 to 5 days. If you are in urgent need of the money, you can receive the money in your account in less than 24 hours through wire transfer. In that case, the lender may ask you to pay an additional fee to facilitate the payment.
In addition to the general requirements, the lenders do not check your credit history. They are only interested in your income as a measure of your ability to repay the loan. While some lenders require that you must be employed for about 3 or 4 months, other companies may lend you a loan without considering that factor, provided that your income can make repayment of the loan easy for you.
- 30-day Payday Loan
Contrary to the norm of having just 14 days to make your repayment, the 30-day payday loan makes your repayment option easier because it gives you the grace to make the necessary adjustment to make your payment whenever your paycheck comes, especially if you are one of the few people that receive their paychecks monthly. However, as a rule, the longer the duration of the loan, the higher the interest rate you will pay on it.
Of course, you may have a bad credit rating. Is that a restriction? No. The lenders that Loan2Payday works in conjunction with do not conduct any credit check on prospective borrowers but are only eager to bail you out of any financial predicament without compounding your problems or imposing any unnecessary restriction on you.
You should also note that the 30-day Payday Loan is not available for every Tom, Dick, and Harry to take advantage of. No, it is for people who get paid once a month. If you are paid bi-weekly, you have to take other 14-day loans and renew your loan after the expiration of the loan you take, provided you have made full repayment of the loan if you still need a loan.
Don’t forget that you will be charged a fee for every £100 you borrow until the full repayment of the loan.
- 24-hour Payday Loan
24-hour payday loan, as its name suggests, is another loan type where you have the privilege of having the loan available and deposited into your account within 24 hours after your application. That promises to be a big relief if you have a pressing need that must be met as soon as possible. While the normal maximum loan amount is £500, you can get a waiver for a higher amount depending on your peculiar situation and if you meet the terms and conditions attached to such a special case.
Since a payday loan is a personal loan, the lenders have no interest in what you want to use the loan for. So, there are no restrictions so that you can use the loan for whatever purpose you need it for.
Like any other payday loan, you are expected to repay the loan whenever you receive your next pay. So, make sure that you can meet up with the repayment before filing an application for the loan.
- Bad Credit Payday Loan
The Bad Credit Payday Loan is the ideal loan option for prospective borrowers with a credit history that is less than ideal. No matter how bad your credit history may be, you have a loan type that can offer you a lifeline.
Having the option of a bad credit payday loan is also impressive because a bad credit history has already put you in the black book of banks and some financial institutions. This makes it impossible for you to get a loan from those sources. That is why it is the perfect option for you if you can’t get a bank loan or a credit card due to your poor credit history.
When considering whether to give you the loan or not, your income will be given utmost consideration when reviewing your application. It is the single most important factor that determines whether you get the loan or not.
You should expect payment into your account as soon as your application is approved. This is usually the following day after your approval. In some cases, you may have to wait for about five days before the money is deposited into your account. To eliminate any doubt whether you have been approved for the loan or not, you can check on us, and we will give you the real situation of things.
- 1-hour Payday Loan
This is another loan that you are expected to pay by your next payday. As implied by its name, it is a loan service where the processing of your application is done within an hour. You only need to fill an online application form and submit it immediately after completion. Then you will be contacted by the lender, either by phone or e-mail if your loan request is approved. This means that you will know your face within an hour, making it one of the fastest Payday loan types. If your application for a loan is approved, you can easily withdraw the money from your account the next day immediately after it has been deposited into your account. Some lenders will offer to wire the money to your account instantly if you are ready to pay an additional fee for that.
As usual, there is no running of credit check, and you have two weeks to make full repayment of the loan. On the other hand, if you are paid monthly, your repayment will be when you receive the next paycheck.
The 1-hour Payday loan does not come with an interest rate. Rather, it comes with a fixed charge of £25 on every £100 that you borrow although this also varies from one lending company to another. It is not unusual to find some company charge just a little below the standard charge while others charge a bit above the fixed charge too.
If you take this loan, you have no restriction on what purpose you should use it for. Since you need the money for a specific purpose, you are at liberty to use it for that specific purpose.
- Instant Payday Loan
Instant Payday Loan is like any other Payday loan except that it ensures that your application will be speedily reviewed to determine your eligibility or non-eligibility as soon as possible. After the completion of your online application and submission, the lender will immediately attend to your application without wasting your precious. If you are deemed eligible for the loan, you will be contacted via phone, email, or both of these methods to finalise the loan process. If you are found eligible, the cash will instantly be deposited into your account without second-guessing it.
It is a fact that the maximum loan amount for any Payday loan is £5,000. Of course, that does not limit you from aiming for a higher loan amount as some lenders are known to give concession to some borrowers above the maximum amount. How much you can get over the maximum amount depends exclusively on your income and other conditions that the lenders may set.
The time frame for paying an Instant Payday Loan varies like any other Payday loan type because it is meant to give you a financial backup until you receive your next paycheck. But, if you can reach an agreement with the lender, you can have your time frame extended to 21 or 28 days. Sometimes, making full payment within the agreed time may be difficult for some reasons. If that applies to you, some lenders are willing to give you concession and will extend the repayment of the loan while you pay the attached fee. As long as you are unable to make full repayment of the loan, the lender will continue deducting an agreed fee from whatever repayment you have made.
Like other payday loans, it also attracts a fixed fee instead of the normal interest rates on loans charged by banks. The fee depends on the duration of loan: the longer the duration of the loan, the higher the fee charged.
- Low-fee Payday Loan
The fee charged when you take this loan option is lower than the fee charged for a regular Payday loan. If you meet the conditions such as good income and other requirements as outlined by the lender, some lenders may give you above the regular amount for all Payday loans. It may take up to 5 days before you get the money after approval of your application. But if you are in dire need of the money, you can pee an additional fee to have the money wired into your bank account immediately.
Borrowers who choose this loan option also enjoy similar benefits such as no credit check and 14-day repayment time frame. The extension of the loan repayment period is possible if you can reach a consensus agreement with the lender.
- No Fax Payday Loan
This loan also shares similar features with others in the Payday loan category. The difference is that you are not faxing or mailing anything to the lender because you can complete your application online.
This loan is around £500, but you can still raise the bar a bit to £1,000 or more, depending on the lending company. The only factor that determines what loan amount a company can give you is your income. If you can afford to repay a higher loan amount with your income, you have a good chance of getting up to £2,000 payday loan.
Because you may need the money to solve some urgent needs, lenders will give you the loan either the very day you applied for the loan or the following day. In extreme cases, you may have to wait for five business days or less before you can get the fund.
Since the use of the loan is at your discretion, you can use it to settle some bills or for any purpose that suits you.
- Paperless Payday Loan
This is a loan type without any paperwork. You are not required to sign any agreement paper or whatsoever papers that are signed in other loan types. Everything about the loan is conducted over the telephone and solely online. As a rule, a written proof of your income or employment status is not also required as all the confirmation of all your employment, income, and other claims will be verified through databases. As a result, the loan process is very convenient and comfortable for borrowers. While the average loan amount is £500, the normal range for the loan is between £100 and £1,000.
It is true that some lenders usually make payments in about 3 to 5 days, the Paperless Payday lenders used by this company will approve your application online in a couple of minutes and will deposit the money in your account within the next 24 hours after the approval of your application form.
Paperless Payday Loan has a payment period of between 14 and 30 days according to how you are paid. Although the repayment is usually 14 days, you can extend your repayment period if you don’t mind paying a higher fee on your loan.
If, for any reason you default in payment at the agreed timeline, some lenders will write off your interest and settle for the amount you borrowed. To make things easy for you, such a lender may renew your repayment time frame.
The beauty of this loan type lies in its ease of application. Since it is paperless, anyone with a personal computer and Internet connection can apply for the loan wherever he is. Whether you are at home or in your office, you can simply fill out a form online and submit it there without hitches.
If you need a little extra cash and you are ready to pay the regularly charged fee, the Paperless Payday loan option is ideal for you.
- No Credit Check Payday Loan
The modus operandi of this loan type is reflected in its name: no credit check on the borrowers. This is to ensure that you have access to a loan regardless of their credit ratings. The maximum loan amount you can get if you apply for No Credit Check Payday loan is £1,000and the money will be available for your use within five business days.
The normal repayment period is 14 days. However, due to exigencies, meeting up with that payment may be a bit difficult. If that happens, you may approach your lender for the extension of your repayment period. If you reach an agreement, you can have the period extended for another two weeks. This will afford you more time to work on your repayment strategies and ensure you make your full repayment as soon as possible. However, know that the lender may settle for the amount you borrowed and have the loan extended under a new contract and fee. After making several renewals, some lenders may require the borrower to submit a payment plan.
- 12-month Payday Loan
This Payday loan type is a bit different from other Payday loans already discussed here. It combines the benefits of a payday loan with that of instalment loan to make it one of the best Payday loan types.
Despite the huge benefits of the 12-month Payday loan, you can easily get the loan without faxing any information. You only need to apply online and wait for the approval of your application in less than 24 hours if you qualify for the loan.
As implied by the name, the repayment time frame for this loan is 12 months. The loan has low-interest rates, and the loan terms are better than the terms for other regular Payday loans. This makes its repayment easier and more convenient for the borrower.
If you need a loan to take care of some emergency expenses, you can contact Loan2Payday to get the appropriate loan that will meet your needs. What are some advantages of taking a Payday loan?
The advantages of a Payday loan
Payday loans offer a couple of benefits that make them the preferred loan option for many people over the conventional loan types such as credit cards or bank loans. The benefits show that if you need a small, short-term loan to meet some needs, payday loans are arguably the best loan option you can take advantage of. Here are just a few of the many advantages of a payday loan:
- Cash is available without delay: imagine the process and the stress you will undergo before getting a bank loan. Such is absent when you take a Payday loan. You can get the loan transferred to your account in a matter of minutes in most cases, and within a few minutes in some cases. Therefore, you don’t need to wait for too long before you can meet your pressing needs.
- No credit checking: This is a great advantage because a credit check is one of the reasons why many people with bad credits cannot get a loan from a bank. If you opt for a Payday loan, you are not obliged to disclose your credit history because no lender will make that request from you. This affords people with poor credit rating access to financial assistance whenever they need it. So, you can get payday loans with no credit checks if you need it.
- It is unsecured: Banks require that you provide a security before you can be given a loan. The same applies to some other loan lenders. However, when taking a Payday loan, you are not required to present a security, that is why Payday loans are considered as unsecured loans. This is a major advantage, especially for individuals without any tangible asset they can use as security for taking a loan.
- Easy application process: This is another huge plus for a Payday loan. The application process is not stressful because you can complete out your form and submit it online without paying a visit to the office of the lender. In some cases, all verifications will be done online, sparing you the stress of doing that manually. This makes applying for the loan very easy compared with getting other loan types from financial institutions and banks.
- Convenient payment: this is one of the selling points of Payday loans. Since the loan is given until the next pay and comes with a fixed fee, it is very easy and convenient for borrowers to plan their budget and include the loan payment. With other loans offered by other lending institutions, interest rates vary, making it difficult to plan the repayment without issues.
- No hidden fees: It is to the credit of Payday loans that no hidden fees are charged except the approved fixed rate for each loan type. This makes it convenient for prospective borrowers to have an idea of how much it will cost them to service their loans. In that case, they are relieved of the stress of having to deal with unexpected hidden fees.
- Round-the-clock service: What will you do when hikes in the prices of commodities raise the need for a backup buck till you get your next paycheck on the weekend? Probably, you will be disappointed and helpless. This is because no bank will be open during a weekend to attend to you. In that case, with the touch of some buttons, you can fill an online application form, submit it, and get paid if you are qualified for the loan. All these may happen during the weekend.
Many people have considered taking a Payday as the solution to their temporary financial challenges due to some of the advantages discussed above. The opportunity to be free of the stress of facing cash crunch before the next paycheck is attractive. You can take advantage of the same opportunity too.
Before you apply for any Payday loan, consider whether you are qualified to take it by checking the basic requirements for the loan. Some of the general requirements will be discussed now.
Criteria for Payday Loan Eligibility
Although some requirements have been mentioned concerning some of the Payday Loan options, there are some general requirements that must be met to determine your eligibility for a loan. These are:
- You must meet the minimum age requirement, which is 18 years. If you don’t, you are automatically disqualified. Some companies also require that the applicant shouldn’t be older than 65 years old.
- You must have an active checking account for depositing the money if you qualify for the loan.
- You must be employed or have a steady source of income. It is mandatory that you provide a proof of your income to determine your ability to repay the loan.
- A valid phone number is also a necessity. There may be the need for the lender to contact you at any time and without a valid phone number, that may be tricky.
- You must reside in the state you select for your loan application. This is to ease the whole application process without giving yourself and the company too much stress.
- If you are currently a debtor or intend filing for bankruptcy, you are not qualified for the loan. The goal is to make sure you can repay the loan so that you won’t immerse yourself in too much financial burden.
- If you are applying in-store, a valid photo ID is required. In this case, you are not obliged to provide your Social Security Number.
- You must provide your Taxpayer Identification Number or a valid Social Security Number if you want to apply online.
Meeting these requirements is the first step towards applying for Payday Loan UK or Payday Loan Scotland. If you don’t meet up, your application will not be approved.
If you meet these requirements, you can proceed to the next step: apply for the loan.
However, some people find it challenging to apply for a loan and get it. This may be due to some personal errors or some issues beyond their control. If you find yourself in that situation or you wish to take some preventive measures against such disappointing experience, use a third party, use Loan2Payday.
Why should you use Loan2Payday for your Payday Loan?
Applying via a third party, especially Loan2Payday, for a Payday Loan offers you a couple of benefits. Consider a few of such benefits:
- A vast network of lenders: If you find it challenging finding the right lender, Loan2Payday can help you overcome the obstacle by leveraging its extensive network of credible lenders. These lenders, who have enjoyed a good working relationship with Loan2Payday, are always on hand to render assistance to Loan2Payday clients. You can benefit from that too.
- Access to the most suitable lender: There are different loan providers with a wide variety of conditions. While it may be almost impossible for you to find the right lender singlehandedly, Loan2Payday will consider your circumstances and go through its lenders to find the appropriate lender that will suit your needs.
- Easy loan application: Sometimes, prospective borrowers are turned down by one lending company after another. Going through similar experience may sap you of energy to push on. You may be discouraged from filing loan application forms different sites. You don’t need to worry about rejection; Loan2Payday will help you take care of that. You only need to complete a 2-minute application form and leave the rest to the company. Loan2Payday will automatically forward your application to the site of the cheapest lender who may most likely approve your application.
- FCA-authorized: The UK Financial Conduct Authority rolls out different rules and regulations to regulate loans in the United Kingdom. Failure to abide by these rules may pitch you against the government. Loan2Payday is conversant with these rules and is always guided by the rules. Therefore, you can count on an approved company to get a loan for you rather than taking a risk by engaging the services of a company that may make you incur the wrath of the government.
- You are protected from predators: Some companies capitalise on the urgency of the need to prey on prospective borrowers. They do this by subjecting them to various conditions that will compound the whole process. Rather than tow the path of these unscrupulous lenders, Loan2Payday is interested in allaying your fears and helping you overcome whatever financial predicament you may be going through.
The company will never impose harsh conditions on you but will rather assist you with getting a willing lender that will meet your needs. Additionally, you will have a great Customer Support team at your disposal to attend to you whenever you need it. This is to assure you that your satisfaction becomes a priority of the company.
The benefits mentioned above are some of the many benefits that Loan2Payday offers its numerous clients. Many have taken a full advantage of the golden opportunity offered by Loan2Payday to attend to their needs without batting an eyelid.
What financial difficulty are you currently battling with? Do you have an emergency health problem to take care of before the next payday? Perhaps you need to fix your vehicle, and you are low on funds. Whatever may be the situation, will you rather continue to battle the problem or let Loan2Payday relieve you of your financial needs by getting a payday loan for you within a couple of days, even hours?
While you are not immune to exigencies, you can personally determine how to handle it. You may take a risk with a company without credibility or hire the services of a reliable and credible company to secure a safe loan for you. Whatever decision you make will play a huge role in overcoming your financial exigencies or be overwhelmed by the needs you can’t meet.
While the final decision is yours, it is advisable that you apply for a loan through Loan2Payday now and the efficient company will get a hassle-free Payday loan for you from a direct lender. If you do, you can take a minimum of £100 and a maximum of £5,000 loan to put your financial worries behind you.
So whether you want to pay your utility bills, medical bills, house rent, or meet any other urgent needs before you are entitled to your next pay, a visit to Loan2Payday is all you need to apply for a loan that will be available for your use as soon as possible without going through the hassle that a conventional bank or other financial institutions will make you go through.
Without much ado, you can click on “Get Quote” and enter the necessary information that is required of you. When you are through with filing the form, follow the outlined instructions on subsequent pages as you take a bold step toward liberating yourself from unnecessary worries occasioned by some emergencies that prove to be a burden to you. In no time, you will have the financial power to overcome such problems.