
Credit FAQ’s
How long does it take to apply for a loan?
From start to finish, the whole application process will take about 5 minutes. Be sure to have your bank account information and your debit card information available. This will help make the process of applying for a loan faster as we ask you for those details during the loan application process.
What do I need to apply for a loan?
The following criteria must be met before we will consider your loan application. You must be a UK resident. You must have a UK bank account. You must be at least 18 years old. You must be employed or have an income source.
What is the maximum amount I can borrow?
Currently, the maximum loan amount that can be borrowed from Payday Loans Online is £1,000.
I have bad credit. Can I get a loan?
Payday Loans Online offers loans to people with bad credit in the United Kingdom. We have a special loan type for people with bad credit. Apply for a bad credit loan now.
What is the minimum I can borrow?
The minimum amount that can be borrowed from Payday Loans Online is £300.
When will I receive the cash?
Once your internet loan has been approved, your cash is usually deposited in your bank account account within 1 hour or latest the same day.
How will the money be sent to me?
Payday Loans Online will directly deposit the funds into your bank account. Before submitting your application, please double check your bank account details to avoid delays.
What if I am unable to repay the loan on time?
We are aware of the fact that financial circumstances can change. If you cannot make a scheduled repayment, please get in touch with us as soon as possible.
How do I pay back my loan?
Your loan repayments will be automatically deducted from your bank account on the agreed due dates.
How long will it take to get a decision on my loan?
An instant decision will be made on your loan application by our AI loan technology. There will be no waiting for a loan officer to manually review your loan.
Will I be credit checked?
Payday loans Online do not conduct hard credit checks. Instead, we perform a soft credit check. The soft check is not visible to other lenders. The soft credit check we conduct will only be visible to you. Plus, this type of credit check will not impact your credit score.`
How much will a loan cost me?
Payday Loans Online’s homepage includes a loan example that clearly outlines the interest rate, repayment schedule, and repayment breakdown for you to review.
How long can the loan be repaid over?
You can repay your loan over a period of 3 to 6 months.
Is it possible to repay my loan early?
Yes. It is possible to pay off your loan early with Payday Loans Online. You won’t be charged any additional fees or charges if you pay back your loan early.
How can I make a complaint?
Our goal is to provide our customers with the highest quality of customer service. Should our service not meet your expectations, we encourage you to contact us directly to file a complaint. You can contact our Complaints department by email at complaints@paydayloansonline.co.uk or call us directly at 020 3757 1933.
Can I get a small loan with no job?
Unemployed and benefit recipients can apply for loans between £300 and £1,000
What happens if I miss a repayment?
Contact our customer service team if you think you’ll miss a payment. We waive the £15 charge for missing a payment if you call us before you miss a payment.
Will this type of loan help my credit rating?
When you repay your loan, we report it to the credit rating agencies. Paying your credit is always a positive sign on your credit history and can help you to improve your credit score.
Are your loans secured or unsecured?
Payday Online Loans are unsecured loans. We do not require collateral from our customers. Our business is built on trust. We try to make sure when we give you our money that it will help you solve a short-term challenge, and we trust you to pay it back.
Will this type of loan affect my credit?
Your credit file records any credit you take out. What impact it has on your credit depends on how you repay your loan. A reputable lender like Payday Loans online will always offer customers a repayment plan they can afford to avoid any negative marks on your credit report.

Next Funding Batch in 60 Minutes
Get the loan on your account by 60 today