Get a Payday Loan of up to £1000 in your account in under an hour with Bee Loans
Get a Payday Loan of up to £1000 in your account in under an hour with Bee Loans
Dan's freezer stopped working. As Dan had no insurance, he needed a payday loan of £150 so he could replace the freezer. Dan still had 2 weeks until payday, so turned to our sameday loan service. He was approved for a loan in minutes, and received the funds straight in to his bank account the same day. 2 weeks later, Dan repaid the loan in full, paying £187.50.
Claire failed to keep an eye on her money one month and found herself with little left at the end of the month. She applied in a minute and was accepted for a loan of £500 in a matter of minutes. The payday loan lender chosen wired the cash directly into Claire's bank account, and no documents needed to be signed. On her next payday, Claire repaid £625 in full.
The above are fictitious examples which are intended for representative purposes only.
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Payday loans are same day loans or fast loans designed to help ensure you have money until you're next paid. Payday loans are also sometimes known as cash advances, and offer a quick and convenient solution to short term money worries. As it is only your pay packet that is secured against a payday loan, as long as you are employed and over 18, with a UK bank account, it is highly likely that you will be accepted, even if you have a poor credit history.
At Bee Loans, we use our strong network of payday loan lenders to make borrowing money as quick and easy for you as possible. This is why we have a complex system to make a beeline to reputable lenders to find fast loans that suit your personal needs, even same day loans to really help when it's needed most. Our process is designed to take the pressure off you, and is 100% online from start to finish. There is no need to wait and sign large numbers of documents for your UK payday loans – simply fill in our brief application form once, and let us do the rest for you. What's more is that this is available 24 hours a day, 7 days a week, including bank holidays. Unlike some other companies, we don't charge you a penny for this service, and you are not even under any obligation to go ahead even if you do apply, so there really is nothing to lose!
The amount you can actually borrow through payday loan lenders will largely depend on your current salary. Upon successful repayment of your first loan, you may find that the amount available for any subsequent fast loans or sameday loans you require will be higher, as you are classed as a good creditor. The maximum amount you can generally borrow is £1500 (often for new customers £1000), and please remember payday loans should not be seen as a long term solution to debt problems.
Payday loans are intended for short-term solutions to unexpected financial difficulties, such as broken boilers, garage fees, medical bills, and so on. Due to the necessary interest fees involved, you should not be considering same day loans as a long term solution to debt problems. If you require a consolidation loan or similar, please visit our sister company www.beeloans.co.uk.
While we aim to work with lenders that do not have an automatic renewal policy in place, your lender may automatically renew your loan. In most cases, a fee is associated with a loan renewal, should it be automatic or requested. Every lender we work with has different rules surrounding renewals, so please check carefully before agreeing to the loan.
Repaying your loan means that should you require more the next month, your credit worthiness will be improved, and this could be possible. You can always speak to the lender should you have difficulties paying, but if nothing can be resolved; you do run the risk of having loan penalties or fees applied. By reapplying at Bee Loans, it means each month you require a payday loan, you are getting the best deal available, and problems not resolved by one particular lender could be resolved with a different lender, so make sure you bookmark www.beeloans.co.uk/payday-loans for a future quick reference.
It is important that before you accept a lender's offer that you are fully confident that you can afford the repayment, as any charges will increase the true cost of your loan. Remember, time flies! It is also worth considering bank processing times during holidays and busy periods, and planning your repayment accordingly.
The date of repayment will be made clear to you by your accepted lender, so please keep a note of this, as it will form your commitment to the loan.
If you continue to fail to repay your loan, credit reference agencies will also make a note on their records of the outstanding debt. This may negatively affect your credit score. The records can remain for up to 6 years, and may be passed on to other credit and fraud agencies, to ensure you can be traced and chased for repayment. Likewise by paying your loan on time and in full, this may reflect positively on your credit file.
If you don't pay your loan back, the lender may take collection action on your debt. Each lender has different processes in order to collect the debt, so we strongly urge you to fully understand and agree to the terms and conditions from your chosen lender.