Lender in Focus 14.2: Pounds Till Payday Advantages

pounds till payday advantages

pounds till payday advantages

Pounds till Payday are a provider of short to medium term cash loans. You may find that you need a short or medium-term unsecured loan of up to £1500, in which case Pounds Till Payday may be able to help.

At CashLady, we want to help you understand all aspects of financial lending, not just cash loans. Today we’re continuing our series on Pounds Till Payday, so we can help you understand everything you may need to know if you’re considering taking out a loan with them. In this blog post, we’ll be looking at the advantages of taking out a loan with Pounds Till Payday.

Easy application

If you want to take out a loan with Pounds Till Payday, all you have to do is fill out their simple and quick online application. The application form is designed in a way to make sure that Pounds Till Payday have all the necessary information that they require in order to determine whether you should be eligible for a short term instalment loan.

You can apply for a Pounds Till Payday completely online. That means the application process is incredibly simple and easy, as you don’t need to worry about standing in any queues, where to park or even if you’re going to make it to the bank before it closes. All you need to do is fill out their application process online and you can get your money easily.

Easy documentation

Pounds Till Payday do not require a great deal of information during the application process. Usually, all of the information that is required can be provided online. It is only in a few small number of cases that Pounds Till Payday will require a document to complete the application process.

All that’s required from you when taking out a Pounds Till Payday loan is;

  • You need to be at least 18 years old
  • You should be currently living in the United Kingdom
  • Ideally you need to be regularly employed, with a net income of at least £667
  • You need to receive your pay directly into your bank account

Easy approval

If Pounds Till Payday choose to approve you for a loan, you will have access to your personal online account. All of the information that you need is centralised in one easy-to-see place. From there, you’ll be able to choose exactly how much you would like to borrow, up to your agreed credit limit. You can also review your repayment schedule, as well as any fees that have built up.

In most circumstance, after your loan request has been approved by Pounds Till Payday, you should have your money within a few hours. However, this can be dependent on the day of the week, whether or not your bank has cut-off times, whether your bank accepts Faster Payments and if it is a public holiday.

Easy borrowing

When you take out a loan with Pounds Till Payday, the maximum you can take out with them is £1500. However, the amount that you are eligible for is based on many different factors, such as your monthly expenses, your net income and other factors.

Once you have your loan, daily interest will be applied to your loan at a rate of 0.8% per day. The total amount that you need to repay, therefore, will differ based on the amount of money you have borrowed, and the term of the loan. If you have borrowed it for a longer period of time, you will accrue more interest on it and therefore have to repay a higher amount.

Pounds Till Payday always make sure that you know exactly how much you will need to repay before you enter a financial agreement with them. If you have any questions about your loan, you should contact them for answers. To learn more about Pounds Till Payday’s interest rates, visit their Rates page.

Easy repayments

A loan with Pounds till Payday is an instalment loan, which is a type of loan that is repaid over multiple repayment dates. The dates are agreed prior to the financial agreement being signed by both parties.

By spreading the loan over multiple repayment dates, you get the ability to repay a portion of the loan back over the next few weeks or months. This can make it easier to catch up on your finances if there are any money troubles.

When you take out a loan with Pounds Till Payday, you’ll see that repaying your loan is incredibly easy. On each of your agreed repayment dates, the agreed repayment amount will be automatically debited from your account. All you need to do is make sure that there is enough money in the account to cover the repayment amount. Easy.

Easy communication

Pounds Till Payday can keep you informed and up-to-date on the status of your loan, as well as any upcoming repayment dates, through both email and SMS alerts. All you need to do is set them up in your personal online account.

You will receive an automated reminder from Pounds Till Payday roughly three days before each repayment is due. This is to remind you that there will be a payment due so that you can ensure that you have enough money in your account to make the repayment in full and avoid any late fees.

If you need to log into your account at any time, you can do so online 24 hours a day, 7 days a week. Once you log in, you’ll be able to see your credit limit or submit a new loan request. You can also see any upcoming repayments that need to be made, or update your personal information – for example if you need to change any bank details.  

Not sure if Pounds till Payday offer good advantages? Let us know if you have any questions in the comments below, or you can always catch us over on Facebook or Twitter. Remember that if you’re stuck in a financial emergency, you can always apply for an online loan from CashLady – we’re here to help you.

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