How it works
How our payday loans work
- Fill in the online application form
- You will then be instantly notified of your approval
- Follow the instructions and confirm the loan agreement online
- Receive your cash advance straight to your account in under an hour
Why Choose Simple Payday?
We aim to provide you with the fastest decision possible, this means you get the emergency funding you need. We deposit the cash advance into your account in just 1-hour and guarantee that you will receive instant notification on what loan amount you have been approved for. Our system has been designed to be the quickest and most effective way to give you the immediate cash you need in any emergency situation.
Reassurance when you need it
We understand that some things in life aren’t actually as straightforward as we would like them to be. Our payday loans, however, are.
When gas and electricity bills arrive at different times in the month, your phone bill seems to have a life of its own and emergencies crop up every other week:
Cash loans are a fast, quick solution to avoid heavy costs, this can include;
- Bank charges for going past your overdraft limit
- Incurring late fees from collection agencies for final notices
- Having to pay phone companies reconnection fees after having your land-line disconnected
- Loss of earnings through not being able to carry out your job – e.g. Car repairs
- Bailiff charges
How much money can I receive?
The maximum amount we offer is £1000; this is based upon the information you provide on your loan application. If you are a new customer we may offer you a lower amount, which will increase to the maximum £1000 after the first loan is repaid.
When will I receive my loan?
Applications are processed as soon as you have clicked on the submit button, this is usually instant, however, please allow up to 30-seconds for the application to go through if we are at one of our busier times. Once approved your loan amount will be allocated as soon as you have signed the online confirmation page and you will receive your money in under 1 hour – Please note due to the difference in how some banks operate it could take longer. However, it will always be on the same day and 90% of the time under 2 hours.
How do I pay my loan in full on the first payment date?
It will be taken through a direct debit card transaction. Simply check the email that was first sent to you when you confirmed your loan agreement. Use those details to login to your account and follow the online instructions if you forget your loan repayment date/s.
How do I extend or pay my loan later?
Loan extensions are granted at the discretion of the lender. To pay your instant loan at a later date, please:
- Follow the instructions on the original email received when you confirmed your loan
- Login to your customer account
- Follow the online instructions to extend your loan
To extend a loan, the charges for the original loan must first be cleared. After paying the original loan finance charges, you will be contracted for an additional pay day loan, for which you will be charged additional fees. The length of the extension will be governed by your pay dates. The extension finance charge is calculated the same way as the original loan fees.
What are my repayment options?
If you are applying for a new loan, you have two repayment options that are listed on the new loan request section as part of your online application.
After you have been approved for a loan you have a choice between
*Choosing the two-period repayment option – you will have a longer payback period. Your repayment will include a mid-loan fee debited on your first due date, and the loan amount and finance charge debited from your bank account on your second due date.
* By choosing the one-period repayment option, you will pay both the loan amount and finance charge on your first due date only.
You will always receive a reminder email one or two days prior to your due date. Please contact the customer services number listed on your emails to discuss any part of this.