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Payday UK

Since 2003, Payday UK has been operating in the UK to provide relief for cash-strapped people. Instant Cash Loans Ltd uses Payday UK as its trading name with an office in London.

Payday UK Loan type

The company gives people short-term loans that can be of great assistance in meeting up with some financial obligations. Payday UK provides loans in the range of £200 to £2,000 to their numerous customers depending on their ability to pay and monthly income. Because of the determination of this company to render the needed assistance to people, they demand no administrative costs if you want to apply for the loan. The process is simple as you are not required to fax any information except your debit card and bank account details.

The company charges a fixed fee of £30 per £100 you borrow from them. Payday UK has extended their operation to Saturdays and Sundays for the benefit of those who may have urgent needs on weekends that cannot wait until Monday.

The minimum repayment time is 1 month while the maximum time is 12 months. Failure to meet up with payment as specified in the agreement will attract a penalty which is usually £15.


To qualify for a Payday UK loan, you must meet the requirements discussed here:

  • The prospective borrower must be aged 18+.
  • You must be in permanent employment, be receiving a pension or disability benefit/ living allowance.
  • You must have a functional bank account and a valid debit card.
  • YOU must have a monthly income that is £417 (after tax) or more so that you can have enough money left to pay your loan after paying your bills.

Features of Payday UK loan

Payday UK loans have some appealing features such as:

  • Easy application process: Applying for this loan is through the Internet. This reduces the stress of moving from one place to the other filling different loan forms. You can do this in the comfort of your home.
  • Unsecured loan: The loan is unsecured as none of your property is required as the collateral for the loan. Therefore, you are at no risk of losing your property if you become a victim of exigencies that prevent you from making prompt repayment of your loan.
  • Instant decision: After submitting your application online, it takes just a few minutes before the company arrives at a decision over your application. If you are qualified for the loan, expect to have the money in your account within some minutes.
  • No loan extension: Unlike some payday loan lenders that allow the extension of loans if the borrowers are behind in payment, there is no room for that in Payday UK.
  • No payslips required: This is a good development for prospective borrowers who are recently employed. A new employee needs to present a debit card and his account information to be eligible for this loan.

You can get in touch with this company at any hour of the day via phone calls and send email messages. You may find this useful if you want to make an inquiry or register a complaint.

CreditPoor does not charge any fees. If you are contacted by anyone saying they are calling from CreditPoor requesting you make them a payment you should contact the Financial Conduct Authority (FCA) as we are aware that there is currently a scam using the CreditPoor brand. This has nothing to do with our company.