Payday Loan Company

What you need to know:

The Payday Loan Company is an established payday lender with a strong web presence. The main benefit to applying through the Payday Loan Company as opposed to other lenders out there is the transparency of the application process – what you see is what you get with the Payday Loan Company. The standard interest rate charge is %25 over a period of 31 days, according to their website there are no additional charges on top of this fee.

We are a little bit concerned with how the APR varies between different pages on the website – we have included the highest rate in the table above. Loan amounts increase in increments of £20 from the initial value of £100 up to a maximum attainable value of £800.

Criteria:

There’s nothing exceptional here, you must be over the age of eighteen years old, a permanent resident in the UK and have a valid debit card and UK Bank Account. You also need to be able to repay the loan on the date at which you have said it will be due to be repaid. You can only take out one loan at a time with The Payday Loan Company.

Customer Service and Complaints:

There are very few complaints online about the Payday Loan Company – customers appear to be relatively happy with the standard of service on offer. One issue that customers have mentioned is the need to provide further identification – however, this appears to be relatively rare.

Overall:

Payday Loan Company offers a very professional service and a competitive interest rate charge of 25% – we recommend them as a payday lender.