Payday Loans Limited
| Some quick information about our Payday Loans Limited review. | |
| APR (%): 1355% typical | Loan Amount: £640 (up to) |
| Typical Charges: 20% | Additional Charges: |
| Credit Check?: No | Debit / Bank Required?: Yes |
| Payment time (estimate): Same day |  |
What you need to know:
The main issue with Payday Loans Limited is the inconvenience of it all. In order to apply for a payday loan with Payday Loans Limited you need to supply cheques up to the value of £100 – for each £100 cheque you provide Payday Loans Limited will provide you with £80 in cash. Payday Loans Limited will then cash the cheques you provided on your next payday.
Criteria:
In order to apply for a payday loan with Payday Loans Limited you must have a cheque book and cheque guarantee card. Payday Loans Limited also require your last two bank statements, photo identification e.g. driver’s license and two utility bills. You must also be over the age of eighteen years old, in full-time employment and a permanent resident in the UK.
Customer Service and Complaints:
There are very little in the way of consumer reviews on Payday Loans Limited – a number of consumers have been put off by the need to provide additional identification.
Overall:
The best thing about Payday Loans Limited is the interest rate charged – at only 20% per £100 borrowed they offer a very viable alternative to a number of high profile payday lenders. The main concern amongst consumers is the time delay it may take for producing the relevant documentation (documentation can be posted, faxed or e-mailed to Payday Loans Limited).
Due to the inconvenience of applying for a payday loan, we would not recommend Payday Loans Limited over other lenders reviewed on QuickPaydayLoans.org.uk.
