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PaydayUK Loans @

PaydayUK Loans
PaydayUK was one of the Britain’s original online lenders having launched at back in 2003. The owner at the time was MEM Consumer Finance, but several years later in early 2011 they would be taken under control from Dollar Financial Group Inc (later renamed as DFC Global Corp). DFC already had the British brands Payday Express and The Money Shop on their roster. All such companies today operate on the subsidiary of Instant Cash Loans Ltd. DFC serves more than 10 million customers worldwide and has a retail network of around 1300 retail stores. They have lost a few of these though with The Money Shop closing down 250 of their branches not long back.

The PaydayUK loans are popular today, but less so than in their early days when they were the market leader. They would eventually lose ground to QuickQuid and Wonga. More recently, big brands like Satsuma Loans and Sunny have emerged to balance the market share out further between the major lenders. Their loan was historically packaged over a single month. This recently changed for the better with flexible terms being introduced of 1 to 12 months. Between £100 and £2000 is the total range of sums available. As much as £1000 can be borrowed over a single month. Those interested in the top £2000 figure will need to choose at least 5 months as the repayment.

They set pricing at 0.8% daily for a month, with the rates then dropping as the terms are extended. A PaydayUK login is attached to where applications are processed between Monday and Friday (8am/7pm) and Saturday (9am/4pm). It is however possible to receive funding on Sundays when reloaning, but new applicants should expect delays. The reason being that they have scheduled deposit times each day that run hourly between 4am and midnight 7 days a week. PDUK is a member of the CFA trade association and they have always managed to escape negative press over the years. This is something that can’t be said for such major lenders as QuickQuid and Wonga.

Pricing Examples…
£24 /£100 (30)
£139.98 /£300 (3)
£217.80 /£300 (6)
£807.56 /£1000 (12)

Data Taken from January 2017.