FAQ – Answers to your payday loans questions

What is a payday loan?
A payday advance provides you with an unsecured, short-term cash advance until your payday. Customers choose payday advances to cover small, unexpected expenses while avoiding late payment penalties. On UKOnlinePayday.co.uk you can apply online for a payday loan from one of our lending partners and if approved you can have cash deposited directly into your bank account.

How much can I borrow?
You can borrow between £300 and £1000 for your first loan. Once your first loan has been repaid in full, our lending partner might increase your loan limit at their discretion. The maximum amount that you could borrow is based on your take-home pay.

Can I receive a payday loan with bad credit?
The payday loan companies with whom we work will allow you to receive a cash advance with good, bad or no credit!

Do I need to be paid by direct deposit?
Yes, in order to qualify for a payday loan with one of our lending partners you must receive your pay slip by direct deposit.

I am paid by social security, do I qualify?
No, unfortunately, our lending partners will not proceed with a payday loan if that is the case. You must be actively employed in order to qualify for a loan. Types of income they do not accept are: social security, retirement pay, commission-only, nor those paid only by mileage.

How do I pay back the loan?
The lending company will automatically debit the loan amount, plus their fees, from your account. This is done via a preauthorized debit directly from your account. The funds come out of your account the same way they went in.

Can I make payments on my loan?
The payday loan companies with whom we are associated do not offer refinancing or rollovers on loans. This means that once your loan is paid back in full, you are able to make a loan request the same day.

Is there an application fee to apply with UKOnlinePayday.co.uk?
UKOnlinePayday.co.uk is a free matching service for consumers looking for responsible payday loans. There is never a charge to use this service. There is a fee from our lending partners when receiving a payday loan.

Is my application and financial information secure?
Absolutely. We respect our customer’s privacy needs in managing their personal finances. Our site uses a variety of security measures to maintain the safety of your personal information. All sensitive information transmitted between your browser and our website uses 128 bit Secure Socket Layer (SSL) encryption technology.