Payday Loans Online
Do you need a sum of money for an emergency to tide you over until payday? Whether it is the start of the month or the end, there is always a solution. Sometimes we find ourselves with an unexpected expense upon us. Unfortunately, they always tend to occur at the worst time they possibly can, right? Here at PM Loans, we can help. Online Payday Loans can get you through to your next payday!
What are Online Payday Loans?
Online payday loans are small loans that are accessible through an online lender or broker. The whole process is completed online, from the start to the end. Payday loans are designed to be borrowed for financial emergencies during a month where you cannot afford it until payday. In other words, they are borrowed and then repaid from your next paycheck. They tend to be quite small to ensure you have a comfortable repayment. Here at PM Loans, our payday loans range from £50 to £1,500. The demand and popularity of payday loans are constantly because they are very convenient and simple. In fact, you could get your hands on a loan in a matter of hours if your application is approved.
Am I eligible for an Online Payday Loan?
At PM Loans, we put the borrower first. This way we can ensure that you are suited to an online payday loan and you are able to comfortably afford the repayment. Therefore our eligibility criteria follow a strict, detailed structure:
- Be over 18 years old & a UK resident
- Have a bank account and an active debit card
- Be in permanent employment or receiving various allowances
- Meet our credit and affordability criteria.
- Agree to provide accurate information about yourself and your financial situation
Why should I use PM Loans?
PM Loans acts as a direct lender and a broker. This multiplies your chances of getting your desired loan. When you apply for a loan with PM Loans, we review your application and decide whether or not you are suited to us as a lender. If we can not approve your application, we will help match you to another direct lender so you don’t have to do any more work. We can pass your application onto the UK’s largest panel of lenders, meaning you are likely to then be accepted.
As well as this, our online application form allows you to fill in and submit all of your details faster than you think. It can be accessed from anywhere as long as you have a web-enabled device to use. Once you have submitted the form, you will get a response on whether you have been accepted. If so, you will receive your loan in your account soon after.
Sometimes, a payday loan doesn’t give the borrower enough time to repay what they are required to do so. Therefore, a short term loan might be a better option. PM Loans offers short term loans from £50 to £1,500, this is the same range as a payday loan. The difference between both a short term loan and a payday loan is that short term loans can be borrowed for longer. Here at PM Loans, our short term loans can be borrowed for up to 12 months. This is to give you plenty of time to repay your loan comfortably.