PAYDAY BANK REVIEW - Payday Loans
- Payday Bank are a payday loans broker in the UK, established in 2006.
- They are a market leading broker and thus have the highest accept rates.
- Payday Bank provide the applicant with an INSTANT, online decision.
- They operate fully online and so no faxing of documents is required - this is great for those seeking a fast and convenient loan solution.
- They charge the typical payday loan industry rate of £25 for every £100 borrowed.
- Payday Bank can BACS transfer funds (up to 3 working days) for no charge.
- Depending on which lender they secure your loan through, Payday Bank may also be able to offer a CHAPS (same day transfer).
- The deadline and cost for same day funding will vary, again, depending on which lender they manage to get your loan secured through.
- They have a secure application form on their website and have a licence from the OFT to carry out lending in the UK.
- Advantages: they allow you to rollover your loan 2 times, i.e. 3 months total, after which you have to start reducing your balance to rollover more.
- Payday Bank provide a fast, convenient, fax free payday loan service.
