TEXT PAYDAY LOAN - TEXT PAYDAY LOAN ONLINE

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Text payday loans are the fastest easiest way to get cash into your bank account when you need it the most. Once you have set up your account which only takes a few minutes you can simply text for the cash you need and it should enter your account within minutes. A text loan is ideal for a short term small cash injection which you might need in the case of an emergency such as a bill payment. You usually need to be employed in order to be eligible for a text payday loan and you will definitely need a bank account so that the money can easily be transferred to you.

It is best to pay these loans back as quickly as possible in order to incur less interest or penalty fees. The amounts you can borrow tend not to be as high as with regular payday loans and so you will probably only be able to borrow up to a maximum of £300. The APR on these loans can also seem higher than the average payday loan but that is due to the speed and efficiency of the loan service. We recommend that you do not borrow for more than a week at a time as often the longer you wait the more expensive your loan will be. The application process for these loans is extremely fast and even if you have bad credit it should be easy to get a mobile loan of up to £300 in minutes.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Search Report: All Payday Loans  Text  Mobile  Lenders  Brokers  Instant Decision  Online Application  No Credit Check  Bad Credit

Product Type: Payday Loans  Instalment Loans  Short Term Loans

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

PROVIDERTYPE

TYPE

Lender / Broker

APR

APR

A Representative APR is a financial service concept in which interest rates quoted through advertising media is required to take into account all charges associated with a product, in addition to the interest rate

LOAN AMOUNT

LOAN AMOUNT

Total amount you can borrow

MIN TERM

MIN TERM

Minimum loan duration

MAX TERM

MAX TERM

Maximum loan duration

FEATURES

FEATURES

List of features of loan

ID REQUIRED

ID REQUIRED

List of ID required to obtain a loan

SUITABLE

SUITABLE

Who the loan is suitable for

RESTRICTIONS

RESTRICTIONS

Restrictions regarding potential borrowers

MORE INFO

MYJAR
: MYJAR

Lender292%
Representative Example

Representative Example

Borrow: £300
Days: 90
Interest: £154.23
Total To Repay: £454.26
Annual interest 292% (variable)
Representative 1272% APR
80p per day for each £100

£300.00 - £1,000.005 day90 daysFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: Yes
Debit Card: Yes
Bank Account: Yes
Bad Credit: No
Repayable: £454.26
Extention: Not Permitted

Identification

Identification

Bank account and debit card details

Suitable For

Suitable For

Emergency cash needs of up to £300 (£1000 for returning customers)

Restrictions

Restrictions

1. You must be living in the UK.
2. You must be employed with a regular minimum £400 income.
3. You must have a mobile phone and email address

: MYJAR
MYJAR provides a straightforward and hassle-free short-term loan service. They pride themselves on being customer friendly and efficient, cash is usually sent to our borrowers within 15 minutes of their loan request. MYJAR approves short term loans in no time and can offer you loans of up to £500 (£300 for first time borrowers). Applying is easy, follow instructions online and you will receive the cash in your bank account within minutes. You can use the MYJAR service whenever you need it so if you have emergency cash needs a short term loan is only a minutes away. DETAIL INFORMATION >>Terms

Terms

You must be living in the UK, get a regular minimum £400 income, have mobile phone and e-mail address


Advantages

Advantages

A flexible loan form 5 days up to 3 months
Repay monthly on your pay day
80p per day for every £100 that you borrow
Daily interest at 0.8%
Up to £500 for first time borrowers and up to £1000 for returning borrowers.


Disadvantages

Disadvantages

A single default fee of £15 following the first missed payment.
This will be charged if the missed payment remains unpaid 3 days after the contractual payment was due.
Interest is capped when the total cost of interest + charges gets to 100% of the amount borrowed.

Bonga Loans
: Bonga Loans

Lender244%
Representative Example

Representative Example

821% (variable). Representative example: Amount of credit £100 for 30 days. Total amount repayable £120. Interest £20. Interest rate 244% p.a fixed. Representative 821%APR (variable)

£100.00 - £1,000.001 week1 monthFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: No
Mobile Loan: Yes
Debit Card: Yes
Bank Account: Yes
Bad Credit: No
Repayable: £110*
Extention:

Identification

Identification

Bank Account and debit card details necessary.

Suitable For

Suitable For

For those in need of an emergency cash solution

Restrictions

Restrictions

1.Up to £1000 only
2.Over 18 only
3.UK only
4.Monday to Friday only

: Bonga Loans
Bonga Loans is a provider of short term loans. They help people who need a quick cash injection to sort out their temporary money worries. All you need to take out one of their short term loans is a mobile phone. If something comes up unexpectedly and you urgently need some cash, then a short term loan could be the ideal solution. The money is transferred as soon as they receive a text from you. This means you can get a loan wherever you happen to be. Bonga Loans offer extremely fast payday loans of up to £1000. DETAIL INFORMATION >>Terms

Terms

You must be over 18 and have a bank account and debit card to apply.


Advantages

Advantages

1.Fast and efficient service.
2.No long application processs.
3.Get approval fast.


Disadvantages

Disadvantages

1.Up to £100 only
2.Regular income necessary
3.UK only
4.Monday to Friday only

Wonga
: Wonga

Lender292%
Representative Example

Representative Example

Amount of credit: £100 for 13 days. Interest rate: 292% pa (fixed). One total repayment of £110.40. Representative 1,509% APR.

£50.00 - £400.001 Day45 DaysFeatures

Features

Credit Check: Yes
Instant Decision: Yes
Online Application: Yes
Secured Loan: No
Unsecured Loan: Yes
Mobile Loan: Yes
Debit Card: Yes
Bank Account: Yes
Bad Credit: No
Repayable: £110.40
Extention:

Identification

Identification

None - just bank account and debit card required.

Suitable For

Suitable For

Restrictions

Restrictions

You must be over 18 years old and a UK resident

: Wonga
Wonga.com is part of Wonga Group, a digital finance company providing short term credit to consumers and businesses. We’re based in London and launched our first website in 2007. We have since provided millions of small loans to customers in the UK and beyond. We’re here to ease your short term, urgent cash flow needs. So, if you’re short of cash due to an unexpected bill, emergency or opportunity you can’t miss, we could help. We know life doesn’t always go to plan, so we’ve made our service as flexible as possible. DETAIL INFORMATION >>Terms

Terms

Applicants for loans will only be approved if they are UK residents and over 18 years of age. Credit score and credit history will be taken into account.


Advantages

Advantages

Daily Cost 0.8%
Transmission fee £0
Very user-friendly calculator / sliding scale on homepage to view your possible loan, term and interest
Choose your repayment by the day - the shorter the loan the less you pay
If accepted, you'll get the money in your bank account within 15 MINUTES, GUARANTEED. Max loan amount is £400 for new customers and up to £1,000 for existing customers


Disadvantages

Disadvantages

APR is high - though loan is only 45 days maximum
Possible to borrow just £200 at first
One off Missed Payment Fee £15

If you wish to speak to someone: Contact Us or Enquiry Line: +44 (0) 207 386 5300

Compare Text Payday Loans

What is a payday loan?

Payday loans are an increasingly popular way of getting small amounts of cash fast. These loans are unsecured short term loans where you borrow a small amount of money that you repay, plus interest. Payday loans are designed for those unplanned expenses that can sometimes sneak up on anyone. It might be that you need to make an urgent home or car repair, you have an unexpected bill or you just need some cash to make ends meet before your next payday. These loans are very accessible and very popular. Not only are they easy to get hold of and very quick but people with a poor credit rating can still apply.

What is a Text Payday Loan?

There are several different types of payday loans, and text payday loans are one of them. You might not be able to borrow as much with a text payday loan as opposed to other types of payday loans but text payday loans are much faster and they are free to register for.

With a text payday loan, all you have to do with many of the lenders offering text payday loans is sign up once. You do not have to fax any documents, speak to anyone of the phone or visit an office. After registering you will receive a personal identification number that will be your password. To request a loan all you have to do is send the lender a text and you can receive the cash advance in your account within minutes, usually in fifteen minutes. You usually have to be over 18, have a UK bank account and can demonstrate employment or regular income.

The Risks Of a Payday Loan

Payday loans have notoriously bad press and they should be treated with curtain. This is because the interest rates are very high. Payday loans should only be used for short term borrowing to solve a small financial solution and should not be used for long term borrowing or solving any debt problems you might have. As payday loans are so easy to get hold of this makes them potentially dangerous particularly for those who are already in debt. There can also be some hidden fees and charges that you should watch out for. You shouldn’t use payday loans regularly as they are expensive.

How to compare payday loans

Before you start to compare payday loan providers, you should think about how much money you would like to borrow, the duration of the loan and whether you meet any eligibility criteria. As soon as you have thought about this you can start to narrow down your options. The main thing you should think about is the APR, usually the lower the interest rate the cheaper the loan. The figure you should compare is the APR (Annual Percentage Rate) and this figure will determine how much the loan will cost you. When you are deciding on which loan to take out, remember to read the terms and conditions thoroughly and if you are in any doubt see independent financial advice.

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