London Payday Loans

London Payday loans are short term cash loans aimed at aiding cash flow problems between pay days. They are often used as a money saving alternative to avoid costly bank and credit card penalties.

If you live in London, or elsewhere in the country for that matter, a payday loan is usually repaid from your next pay packet (usually up to 31 days) although alternatives are available.

Payday Loans London: How Much Can you Borrow?

Between £80-750 can be borrowed at any one time, with a charge of £20 for each £80 payday loan. Even if you have a poor credit history most people living in London will be eligible for a payday loan because whether or not you get the loan is based on a customer’s ability to repay the loan on their next payday. Payments can be made through a simple debit card.

What information do I need to provide?

The only information needed to apply for a payday loan is the following:

Name and current address
Two contact phone numbers and your email address
Your work and income details
Your bank account details

When your application is complete most customers get the funds deposited into their bank account that very same day, ensuring piece of mind and a speedy solution to fit with speedy London life.

London Most Popular for Cheap Payday Loans

A payday loan is not a long term commitment and is not designed to be as such.

More than a third of all payday loans taken out in the UK are done so by Londoners, with Wembley coming in at 10th position independently, accounting for 0.76% of all payday loans.

The cost of living in a Capital city like London can cause a strain on cash flow and a cheap payday loan has become a popular option for temporary financial difficulties.

A cheap payday loan is a sensible option and Payday Bank can focus your application to aid your specific needs.