If you need to borrow money quickly and safely, submitting a payday loan application with CashLady guarantees you will be considered by multiple lenders in minutes.
Our 256 bit encryption technology means your personal details are always safe and secure while we find you the best loan offer.
What is a Payday Loan?
A Payday loan is a form of short term credit, often used by people who require a quick cash injection to help them through a financial emergency.
This type of personal finance has become increasingly popular in recent years. Consumers can make quick, discreet, online loan applications - often from the comfort of their mobile phone.
The speed and convenience of a payday loan can be very important in an emergency.
Because payday loans are designed to be borrowed over very short periods, the interest rate will normally be higher than longer term personal loans.
A payday loan term could last from 61 days and up to 6 months.
Basic requirements
Before applying for a payday loan, check if you meet the following eligibility criteria:
- You must be at least 18 years old
- Must have a UK Bank account
- You must be a UK resident
- You must be in full employment
- Late or missed payments could incur fees
Reasons to apply with CashLady
- One of the UK’s oldest online credit brokers (Established in 2008).
- Authorised and regulated by FCA
- Over 3 million payday loan applications processed
- We help people with bad credit.
Apply for loans with bad credit here.
In 2016 we were awarded credit broker of the year and came runner up in 2017 and in 2018.
We care about treating customers fairly and promise:
- 100% fee free! No upfront fees, hidden fees or broker fees - ever
- We keep your personal data secure at all times
- We never pass on your details to third parties for marketing
- We only work with FCA authorised credit providers
What do you need to consider before applying for a loan?
Before you make an application, it is important that you consider whether a payday loan is the best option for you and the situation you are currently in. This guide will help you understand the dangers of payday loans better.
Payday loans are designed to help you deal with financial emergencies or unexpected expenses
These often include:
- Sudden change in income
- Medical bills
- Car repairs
- Broken boilers
- Funeral expenses
- Urgent home improvements
Short term credit products should not be used as an additional source of income
Please note, you can create long-term debt if you do not understand and use payday loans responsibly.
How does an online application work?
Applying for a loan online is usually straightforward. You will need to inform the lender of some key information about your personal and financial circumstances and in most cases, you will receive a decision within two minutes.
If your loan application is successful, you will complete your credit agreement directly with your approved lender.
Before your loan is approved your loan provider will carry out an affordability check and a full credit search to make sure you meet the requirements of their decision process.
If successful, you could have the money in your bank account the same day (this can depend on the time of day you apply and the capabilities of your credit provider).
Benefits of payday loans
Speed
Submitting your application at cashlady.com, you will receive a decision in less than 2 minutes. If approved, the money can often reach your account within the hour. (terms can vary from lender to lender).
Easy to access
Everything can be completed online - from completing your application to signing your credit agreement. The Cashlady website is fully mobile optimised so you can manage your application process from anywhere.
FCA protection
FCA introduced important guidelines for the short-term loan industry. Rulings from the Financial Conduct Authority state that borrowers will never pay more than:
- 0.8% interest per day
- £24 per £100 borrowed (per month)
- Double the original loan amount
These rules help protect millions of borrowers by limiting their exposure to debt and making sure lenders put customer needs first.
What to do if you can’t repay your loan
If you cannot meet your monthly repayments, inform your creditor about your financial difficulties first.
This article explains what you should do when you cannot repay your debt.
If you would like to speak with an advisor about managing your debt, contact https://www.moneyadviceservice.org.uk
Do you have more questions?
If you have any questions about CashLady or payday loans, visit our FAQ page for more information.