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Brand new payday loan lenders in the UK
Is this the first time you’ve heard about payday loans and payday lenders? Or have you already taken out the convenient short-term loans but are looking for brand new payday loan lenders that will help you enjoy even better deals? Fortunately for you, the number of brand new payday loan lenders in the UK has never been more expansive.
With an extremely competitive loan industry, it would become even easier for you to obtain the best rates for the ideal terms. Today, all it takes for you to acquire a payday loan is to accomplish an online application in a lender’s website. And once you’re done, simply submit it and the lender will approve your request without delay.
Features of brand new payday loan lenders
It’s extremely easy to access brand new payday loan lenders in the UK nowadays. Through a quick search in Google and any other search engine, you will instantly be directed to an endless list of payday lenders that are willing and ready to strike a convenient short-term loan deal with you. You might also want to use your personal connections and ask for information from your family and friends who use payday loans from time to time.
With brand new payday loan lenders, you can expect to enjoy these features:
- Short-term borrowing amounts anywhere from £50 to as much as £1.000 that is ideal for emergency use
- Transparent transactions and payment terms that is free from hidden fees and charges
- Competitive interest rates and flexible payment terms
- High acceptance rates with quick approval decisions
Overall, brand new payday loans in the UK will provide you with an application process that is fast and straightforward. After 15 minutes or so, you should be able to submit your application. In a short while, the lender will then make a decision on whether to grant you the credit request or not. If you are approved, the money should be deposited into your bank account in the same day or the next business but never sooner than that.
What to expect from brand new payday loan lenders
Amidst the negative buzz that payday loans have generated throughout the years, the short-term, unsecured loans continue to become widely used all over the UK especially to borrowers who have bad credit and are looking for a quick way out of a temporary financial crisis.
Some of the things that you can expect from brand new payday loan lenders in the UK today include:
1.) Quick access to short-term funding
If you manage to meet the basic requirements that brand new payday loan lenders are looking for, getting approved would be easy and near instant. What’s more, you don’t have to do a single paperwork as everything can be completed online. This also means that there is no need to fall in any line, book appointments, and wake up early so you can be on time on your schedules interview because when you apply from an online payday lender, all you need to do is to fill out an application form and that’s it.
2.) 24/7 Customer Service
Brand new payday loan lenders also have their own customer service that can cater any and all questions and concerns at any preferred time. You can even contact them 24/7 via phone through their customer service. So if you have any problems or inquiries about your loan deal, you can easily contact your lender without much hassle.
3.) Basic Qualifications
The loan industry has become extremely competitive in this includes payday loans. The advent of the internet has also opened an influx of borrowers who are looking for a quick and convenient way to enjoy short-term funding. For this reason, brand new payday loan lenders have tailored their eligibility requirements to be as basic as possible so they can reach as much borrowers as they can.
Normally the basic requirements that brand new payday loan lenders will look for from their borrowers include:
- At least 18 years age
- A legal resident of the United Kingdom
- Possess a UK bank account
- Email address and contact details
4.) Bigger borrowing amounts and longer payment terms
Normally, payday lenders will only allow you to borrow no more than a thousand pounds. Today however, there are brand new payday loan lenders that will allow you to obtain even larger borrowing amounts like £2,000. And usually, payday loan lenders will require you to pay off the entire money that you borrowed plus interest rates after a month or on your next payday. With brand new payday loan lenders however, you can enjoy payment terms that are longer than a month with instalment payments.
5.) A chance towards a better financial freedom
Brand new payday loan lenders are also more responsible and helpful to their clients. They know that the payday loan industry has already suffered a bad reputation and they are committed to changing such an image. For this reason, they are flexible enough to offer you with the right loan deal that is ideal to your needs and present circumstances. They want a mutually beneficial relationship wherein they can thrive as a legal business and help you become financial free from any financial burden that you are struggling from.
Reputable brand new payday loan lenders
Majority of brand new payday loan lenders are also legit and FCA (Financial Conduct Authority) licensed. This means that if you decide to partner with them, you will be enjoying a short-term, unsecured loan that ensures your best interests are always at heart. These lending companies pursue a path of honesty and transparency and will never exploit unsuspecting borrowers with hidden fees and charges.
Brand new payday loan lenders will tailor a payment term that is perfectly suited to your present circumstances so you can comfortably keep up with your repayments. Also, if you encounter any problems with your payments, you can simply contact your lender so you can arrange a more ideal payment schedule.