Use our payday loans calculator APR chart to compare PaydayPixie.co.uk with other UK lenders
The payday loans sector is one of the most strictly regulated financial sectors in the UK with a number of governing bodies on hand to ensure that all lenders are compliant with current laws and regulations. The FCA recently imposed a 0.8% daily interest rate to further prevent individuals getting into a increasingly difficult financial situation.
Eligibility checks were a mandatory process that was introduced by the FCA to ensure that all individuals applying for additional finances are capable of meeting the repayments detailed by a specific lender. In the early days of Payday Loans, applying and being approved for additional finances was very easy which is why Payday Loans garnered such a bad reputation with many individuals being approved who would otherwise be declined under new guidelines and regulations.
Payday loans eligibility
All individuals applying for any sort of finance will be required to meet certain criteria and undergo various eligibility checks. Although a credit history check is not a mandatory requirement many UK lenders will still insist on carrying out a credit history check. Payday Pixie offer no credit check payday loans as we feel that our detailed online loan application form will capture enough information to either accept or decline you. No credit check payday loans are something that we
Are you over the age of 18 and a UK resident?
All applicants will need to be 18 years of age or above in order to apply for any sort of finance. Applicants are also required to be a UK resident and have a UK address, this is to ensure that you are not using someone else’s bank account information and can help protect individuals from potential fraudulent activities.
Do you have a regular monthly income?
In order to meet monthly repayments we require all applicants to have a regular monthly income. This will give us an overall figure of your disposable monthly income and will enable us to calculate the best monthly repayment options for you.
Payday Loans UK rates:
|Lender||Maximum Loan Amount||APR|
|Payday Pixie||£2,000||728.9% APR|
|Sunny Loans||£950||1295% APR|
|Quick Quid||£1000||1270% APR|
|Wizz Cash||£1000||1265% APR|