Wage Day Advance is a part of SRC Transatlantic Limited, a global firm providing financial services to individuals from the UK, United States, and Canada. The company offers short-term loans to borrowers with a focus on good customer service and responsible lending practices.
Prospective borrowers are able to apply for loans ranging from £80 to £750 with repayment terms ranging from one to six months. Applications can be completed online and accepted borrowers can get funds within one hour of approval.
Repayment for one month payday loans will probably be expected at an amount equal to the principal plus any applicable interest on the selected date. Individuals who distribute repayment over two or three instalments are going to have lower initial payments based only on the current interest charges which are evaluated, with repayment of the full principal and last month’s interest demanded on the previous agreed upon repayment duration.
Borrowers may repay any borrowed funds before the agreed upon datess so as to pay less interest over the life span of their loan. For loans within a month, borrowers may have the ability to defer their loan repayment past the first one month period by paying interest due and fulfilling particular affordability check standards at the time of their request.
Wage Day Advance Criteria
- Age Requirement
- Debit Card
- Credit Checks
- Other Requirements
- See Website
- Same Day Transfer Available
- Loan Value Available
- £80 to £750
- Representative APR
- Loan Length
- 1 Month to 3 Months
- FCA Registration Number
- Loan Example
- Borrow £200 for 28 days. Total Repayable £244.80. Total charge for credit £44.80 comprising interest only. Interest rate 292% per annum(fixed). Representative APR 1201.4%
Wage Day Advance Review
Wage Day Advance provides simplified options for those who are interested in payday loans with a level of repayment flexibility. While deferring principal repayment will cause a higher total of interest being paid, it can offer relief for borrowers who need more time to settle the principal amount comfortably.
Applications can be finished quickly online with only basic information regarding your present place of residence, a valid email address and telephone number, present income and outgoings, and a bank account and associated debit card.
Most potential borrowers will be informed about their eligibility when their online applications has been processed. In cases where eligibility for a loan cannot be determined based on the online application alone, Wage Day Advance may contact you for additional documentation or information.
A last payment every evening is processed at 11:55PM. The availability of funds inside your bank accounts might be postponed depending on the processing demands of the bank.