Frequently asked questions
I want a payday loan! How long does it take?
It only takes a few minutes to apply for a payday loan and this includes connecting to a lender.
How much can I borrow?
You can borrow from £100 up to £5000 depending on your personal circumstances.
How soon will I get my funds?
How will I get my funds?
The funds are paid directly into your bank account so you can access it as you would normally take money from your account.
How do I pay back my payday loan?
It depends on the lender that you are matched with but the repayments are ordinarily debited from your account as per the repayment schedule.
I'm confused! Why is the APR so high on some loans?
Am I eligible for a loan?
The eligibility criteria varies by lender. There are, however, standard criteria requirements that you will be expected to meet in order to apply. These include:
Do you use credit scoring or credit reference agencies?
Sameday Money do not perform a credit check. However, we only use responsible lenders who may use credit reference agencies to verify that you are who you say you are. Once you have repaid your loan they will report back to the credit reference agencies which may help improve your credit rating.
I have bad credit history - can I still apply?
Yes absoloutely. Our lenders look at each application based on your recent circumstances and can often offer a loan, even with adverse credit.
What if I have problems paying?
I am very happy with your service – what can I do?
We work very hard to keep our customers happy and it is always good to know when we’ve succeeded. Please email your comments to our customers services dept.
I am not happy with your service– what can I do?
Samedaymoney.co.uk is an Introducer Appointed Representative of T Dot UK Limited, registered under FRN 921373. T Dot UK Limited are authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 688026.
Warning: If you do not make your minimum repayment by the agreed upon due date, you may incur additional charges and penalties. If you are having problems paying, please call your credit provider. For other sources of assistance, visit www.mymoneysteps.org; call the Step Change Debt Charity on 0800 138 1111; or National Debtline on 0808 808 4000; or visit moneyadviceservice.co.uk; or visit your local Citizens Advice Bureau.