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Payday loans are a sensible option if you are looking for a relatively small amount of cash to tide you over until the next time you get paid.  Not only do they offer the kind of flexibility that could see you getting a decision about the loan almost straight away, but payday loans can also help you avoid the kinds of charges you would incur from something like an unauthorized overdraft.

Costs for unauthorized overdraft facilities can be high, with a relatively small amount of cash – such as £400 – potentially leaving you with a charge of £150 over just three days.  If you opted instead for a payday loan for the same amount, the fee could be just £25, potentially saving you a whopping £115.  Generally speaking, the interest on most of our payday loans is £25 in every £100.

Payday loans are quick and simple to set up and if you arrange one through Paydaybank.co.uk you will have access to some of the fastest approval rates around – you could receive your initial approval within hours of applying.  Most of the loans arranged through Paydaybank.co.uk don’t require any paperwork and could provide you with the kind of peace of mind you’re unlikely to get if you know you’re running up unathorised overdraft charges by the day.   As long as you are 18 or over, employed and a UK resident with a UK bank account then you can apply.

So how does it work?  Applying for a payday loan through Paydaybank.co.uk is very simple, starting with an online form to fill out and then provision of some documentation, such as proof of employment.  After this, you will receive a decision as to whether your application has been successful and if you choose to accept the terms of the payday loan, you can do so online.  The money is then transferred to your bank account within 24 – 48 hours.  On the agreed date, the loan – plus interest – is repaid via your debit card or direct debit, meaning the whole thing is dealt with in one go.  No unauthorised credit fees, no hassle, just a quick and simple decision.