Payday loans - easy cash loan typically offered online with no credit checks that are designed to be short-term cash loans repaid on payday.
In this article:
- Payday Loan Information.
- Information on Payday Loans and cash loans.
- Pick the right loan for you.
Better Money Advice offers clear information on payday loans and other cash loan providers, making it easier for you to choose the right payday loan for you.
Payday Loan: Easy Cash Loans
There are a number of companies that lend money until pay day in the form of unsecured easy cash loans in the UK. Purple Payday is just one payday loan provider.
Payday Loan – Purple Payday – Main Features of the Payday Loan
The main features of the Purple Payday cash loans are:
- No paperwork
- No credit check – people with bad credit history can be accepted
- Borrow up to £750
- Borrow money for 31 days
Low Cash Loans – Purple Payday Loans – The Benefits
Like other payday loan providers Purple Payday loans are easy to apply for, easy to obtain and can offer a good way to pay unexpected bills or overdrafts. They are designed for quick cash, repaid quickly – within 31 days. Borrow up to £750.
Low Cash Loans: How do Payday Loans Work?
Payday loans offer borrowers the chance to get hold of easy cash loans quickly. To qualify for a Purple Payday Loan you must be 18 or over, in full time employment earning £750 per month or more. You will also need a bank account that accepts direct debits and be able to prove your identity. Simply fill in the Loan Application form to see how much money you can borrow. Loan Application.
Payday Loan – How much will my Payday Loan Cost?
Payday Loans have a very high Annual Percentage Rate (APR), but they are not designed to be long-term loans. If you are looking to lend money for more than a month then a payday loan is not for you. Over the short term Purple Payday charge £25 for every £100 you borrow, so if you borrow £100 for a month (31 days) you will back £125. If you borrow £750, you will pay back £937.50; borrow £500, payback £625.
Apply for your Payday Loan Online Now. Loan Application.
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Please read the small print and terms & conditions before taking out a loan