How it works

In order to qualify for a Payday Loan you must meet the following criteria;

-Applicants must be over 18 years of age.
-Applicants must be in Full time employment.
-Applicants must hold a current UK bank account in their name.
-Applicants must hold a debit card with the account.

Sameday Money charge a fixed amount of £25 per £100 borrowed to both New and Existing Customers.

Sameday Money Loan charges are fixed at this rate whether you have your cash advance for 7 days or 30 days.

Sameday Money quote an annual percentage rate (APR) for Payday Loans. This is a legal requirement, but can quiet often cause confusion. The APR is based on taking finance out over one year. As a Payday Loan is for a period of no more than 30 days the APR looks rather on the large size.

The APR does not affect the total amount that you repay on your Payday as Sameday Money charge a fixed rate per Payday Loan.

Payday Loan APR worked example:

Customer 1 borrows £200 over a 30 day period.
Total amount repayable £250.
APR 1355%

Customer 2 borrows £200 over a 15 day period.
Total amount repayable £250.
APR 22694%

As you can see from the above examples, the amount of the Payday Loan does not affect your total repayment and, although the APR adjusts according to the period of the Payday Loan, the interest charge remains fixed.

If you are unable to apply online you can contact us either by telephone or post. Our friendly Customer Service team are at hand to help with all your queries.

Once you have successfully completed a Payday Loan application form, you will receive instant confirmation from Payday UK by email. Check your email inbox as soon as possible.