Frequently Asked Questions
- Am I eligible for a UK payday loan?
You must meet the following criteria to be eligible for a payday loan:
-18 years of age or older
-Full-time UK resident
-Current UK bank account in your name
-Valid debit card in your name
-Employed with a regular income - What if I have bad credit?
The lenders that we work with do run credit checks, but more importantly they are concerned with your current circumstances. Therefore, bad credit doesn’t necessarily mean that we can’t help you.
- How do I apply for a cash loan with EasyCashNow? Begin the loan application by filling out the very brief application with your name, email and loan amount. We will then redirect you to a secure site where you will need to submit your personal details and debit card type.
- How much cash can I borrow?
How much you can borrow varies by lender, but they offer loans from £50 to £750. First time applicants should not apply for more than £200.
- Does it cost me anything to apply?
Applying for a loan is absolutely free; there are no fees for using EasyCashNow.
- What are the charges for taking a loan?
Loan charges and interest rates vary per lender, but you can expect to pay about £25 for every £100 borrowed.
- How long before I have to repay a loan?
Repayment varies by lender with some allowing you to borrow money for very short periods, even as short as five days. Other lenders simply want you to repay on your next dayday. Generally you can expect the term to be from five to 31 days. Once you are matched with a payday loan lender, you can learn about their requirements directly from them.
- How do I repay my loan?
Repayment varies by lender, but it’s generally one of two methods: direct debit or debit card. The application process will ensure that you have the necessary requirements for repayment, all you need to do is make sure the funds are available to repay the loan on your due date.
- Once I am approved for a loan, how long until I receive the cash?
Payment of funds varies by lender with the fastest lender paying out within one hour of approval. Other lenders may take between 24 to 48 hours from approval.
- Is a payday loan right for me?
If you are in need of a payday cash advance and you know you will have the money to repay on your due date, then a payday loan could be right for you. However, if you are already in debt and you are unable to make your ends meet, then you may need some debt advice and credit counselling. Wonga.com offers borrowing and debt advice and they can also point you in the right direction if you are seeking debt help.