Warning: Late repayment can causes you serious money problems. For help go to moneyadviceservice.org.uk

Online Loans

With Loanload

How much do you need?

Representative 305.9% APR. Representative Example: Loan Amount - £400 | Borrowed for 90 days.
Total amount repayable is £561.92 in 3 monthly installments of £187.31.
Interest charged is £161.92, interest rate 161.9% pa (variable)

Why People Choose Us

You might be surprised to hear just how easy it is to apply for a short term or personal loan. Furthermore, you don’t even have to leave your chair to apply for it. Instead, you just simply fill out our very short form and if you are accepted by a lender you’ll get your loan by the next day.

Instant Payday Loans For People On Benefits

Pensions and benefits may be used as alternative sources of income; however, not all lenders will consider this. Because of this, most people on benefits are having a hard time looking for the right lender. Being employed is still part of the basic requirements when applying for a loan, thus being jobless often spells rejection. Thanks to the ever-changing market, there are now lenders ready to accept those who have a bad credit history, people on benefits, and those who are unemployed.

Instant payday loans for people on benefits are one of the easiest ways to acquire a loan if you have no job or only work on a part-time basis. The lender will not only consider your credit score but other factors as well. Those who have low credit rating should not be worried when applying for this loan. Yes, there is a credit check but the score will only be used to assess your capability, the amount you can borrow, and the interest rate to apply. Meanwhile, even those who have no credit history can take advantage of this loan as long as they can provide a proof of income. Self-employment is one alternative that you can show apart from benefits or pensions. The short-term loan may only offer a small amount of cash but it’s enough to tide you over the end of the month.

Uses Of Payday Loans

One advantage of payday loans is that it can be used without restrictions. You can use it for almost anything you like; however, it can’t be utilized for buying a new home or a car. Nevertheless, it is beneficial when you have sudden expenses or emergency bills. It is perfect for household expenses, like fixing the broken washing machine, buying groceries, or paying utility bills. It’s also helpful when you’re planning to get a new job or you want to buy special equipment that would cater the needs of your physical or mental condition.

You may also use it to earn extra income, such as an additional fund to your small business or when you want to purchase a stock. However, it is best to use it on important matters only especially if you know that you are struggling financially. Payday loans are expensive to start with and late payments may only incur additional fees. This means that you will repay not only the principal amount but also its interest rate and penalty fees.

Looking For The Right Lender

As mentioned, payday loans are costly; but you can always find a way to reduce your expenses. First is to take advantage of the Internet and using it to look for the cheapest offer. Compare at least three or five lenders and find out which one has the lowest interest rate. You should also consider its terms and conditions to avoid paying for any hidden charges. Read feedbacks about the company to know the kind of service they offer. Above all, make sure that the lender is licensed to operate. There are many lenders out there and you will always have a chance to find the right provider who will help you with your monetary needs.