Payday Loan FAQ

Frequently Asked Questions

How much can I borrow if I take out a payday loan?

The exact amount you can borrow will depend on your own personal circumstances but payday loans are available from £80 to maximum £750. Apply Now

What are the charges for a Payday Loan?

Representative APR for our Payday Loans is 1737% (variable rate) as an example of this with most of our lenders you'll pay back approximately £20 for every £80 of your loan. If your borrow £100 you'll pay £120 back. If you borrow £200, you'll repay £250. A loan of £300 will require a repayment of £375. The amount payable for each payday loan may vary between lenders. Skint.com does not charge any additional fees for the service given. Apply Now

When will you need to repay the payday loan?

Your loan will be due to be repaid on your next payday or within 31 days. It is possible in some circumstances to extend the repayment period. However, this will increase the amount that you'll need to repay. Apply Now

When will the payday loan clear in my bank account?

Once approved, your loan cash will be available in anything from a few hours to a day. In some rare cases, it can take up to two days. If you want your payday loan money available on the same day, it is advisable to apply before 3pm on the day. Apply Now

How do I apply for a payday loan?

Applying for a payday loan is quick and easy. You just need to fill in the online application form and submit it. Please refer to our How it works page explains exactly what personal detailed information the application form requires. Apply Now

How do I know, if I qualify for a Payday Loan?

If you are older than 18, have a permanent job and your take pay is over £500 a month, you're likely to be eligible for a payday loan. You'll also need a bank account so you can receive your cash and a valid debit card to repay the loan. Apply Now

If I have bad credit will it stop me getting a payday loan?

Credit checks are used as part of the decision-making process but credit scores are not the only thing we consider. We also take personal circumstances into account and these are often more important than your actual credit history. Apply Now

What information do I need to supply for a successful application?

We will need the following information to fill in the application form

• Name, address and your date of birth.
• Details of how we can contact you by telephone and by email.
• Information about where you work and details of your pay.
• Bank account and valid debit card information.
  
  

Do you contact my work place?

We ask for the details above to confirm you are who you say you are and to confirm your job status. It's unlikely that we will need to telephone you at home or your place of work. If we do need any more information, we'll always be discreet when we contact you and you can be sure we won't discuss any details about your payday loan with anyone except you. Apply Now