Comparisons of Payday Loans Online

There are numerous payday loans online available within the United Kingdom, and with so many options to choose from how does one decide on the best company for them? Truth, it may be just as useful to close your eyes and play “pin the tail”, as they are all relatively the same and all offer the much needed fund supplement between paydays. That said though, there are some variations worth noting such as amount offered, repayment time period and the all important fees. I have comprised a list of the top three payday loans online available to the good citizens of the UK, and a quick breakdown of what their services offer:

Payday Loans UK offer up to one thousand pounds per loan, however there is a first time user limit of three hundred pounds, giving new applicants a chance to prove themselves able of repaying a small loan in the due time, before overloading them with a larger amount. The fees are twenty nine pounds per one hundred pounds owed. This seems hefty, but is because the loans are small and quick.

QuickQuid loans offer up to one thousand five hundred pounds with a high probability of same day approval and payment. New applicants are offered up to one thousand pounds for their first loan, after which they can obtain the full amount if required, making this loan provider very worthwhile for the first timer with a hefty emergency on their hands. Their fees are between ten and fifteen pounds per fifty pounds borrowed, which is pretty standard, however the fees are per pay period, and as there is an option to available to extend pay-back time to two pay periods, henceforth, the fees will double.

Payday UK loans offer a two minute application and lend between eighty and seven hundred and fifty pounds per loan. The fees start at twenty pounds interest on an eighty pound loan, then increase to twenty five pounds owed for a one hundred pound loan and a continual increase of twenty five pounds per one hundred extra. The loans through payday UK are due at the next pay period. Extensions may be possible but at further fees.

Whichever company is chosen, fees are inevitable! The choice should come down to what the individual needs the funds for, whether it is a first loan and will the initial loan amount cover the full cost, and whether repayment at the fee included rate is easily achievable. Payday loans online can be a lifesaver, but intelligence and care is still required, as is with all financial transactions.