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You will need to provide proof of your identity and address, proof of your bank account, and wage slips to prove your employment and income. You should check with individual lenders with regards to their eligibility requirements and the documentation that you will need.

How long will it take to get the money from a payday loan?

You can get the money from your payday loan very quickly in most cases. If you go to a high street lender for the loan you will usually receive the money right away once you have presented your documentation and the loan has been authorised. In some cases, with online lenders for instance, you may receive your money into your account either later in the day or next day.

When do I have to repay the loan?

A payday loan is a short term loan and needs to be repaid within a set period, which is generally 28 days from when the loan is given to you. You will usually have to set up a one off direct debit for the money to be repaid on the specified date, or with some lenders you will need to write post dated cheques, which the lender will then bank on the date that the loan has be repaid.

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THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. ALL LOANS ARE SUBJECT TO STATUS.