When applying for a quick pay day loan, the whole process is designed to be as easy and hassle free as possible. Remember there are no credit checks, no faxing of documents and no hassle – just a simple online application form that takes little over 1 minute to complete.

It’s an easy as 1-2-3!

Once you have completed the online application form and been successful in applying for a quick pay day loan, the lender will then make arrangements to transfer the funds of up to £1,000 into your nominated bank account. The transfer is completed quickly and in many circumstances can actually be completed within a few hours of your quick payday loan being approved.

If you were approved for a quick pay day loan in the morning, the chances are the funds would be transferred to your bank account that afternoon. Of course this depends on the banks involved and at what time your quick pay day loan was approved. As a rule of thumb, any pay day loans approved and received before 2.30pm (GMT) will usually be transferred from the lenders account the sameday. Any approved payday loan applications received after this time the will be transferred the next working day.

Once you receive your Loan
Once you have received your quick pay day loan of up to £1,000 in your bank account, you are free to spend the cash on whatever you like. Whether this is for repairs to your car or house, to book a holiday or just to have some extra cash in your bank account, you are not restricted on what you spend your payday loan on.

Repaying the Loan
When it comes to repaying the quick pay day loan, the payment is taken from your bank account that you had the funds transferred into. Usually the repayment of the quick pay day loan is made when you receive your next month’s salary, the amount taken being the amount you borrowed, plus an interest charge as set by the lender. You would have been made aware of the amount of interest being charged on the loan, prior to receiving the funds into your account.