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The payday loans sector has changed massively over the last 12 months. The UK market has expanded as more consumers
have become aware of the payday loan product.
Purple Payday is now the largest UK payday loan broker. Purple Payday
loans are always under £1000 and are usually taken over a period of less than 31 days. This means the loan is repayable
in full on your next payday; rollovers/extensions are available upon request.
The product enables you
to avoid short term cash flow issues, prevents possible bank or credit card charges due to missed payments on other outgoings,
or is used to pay unexpected bills.
The loan application process with Purple Payday loans is fully online,
there's no paperwork and no credit checks are required. Successful applicants can often have funds deposited
on the same day as application.
Application requirements for a Payday Loan.
1. You must have a valid
bank account that will accept direct debits. This includes basic bank accounts that do not come with an overdraft or debit
card.
2. You must be at over 18 years of age.
3. You must be a resident and be eligible to work in the United Kingdom
(England, Scotland, Wales or Northern Ireland).
4. You must be employed and receive a regular salary.
5. You must
have your salary paid directly into your bank account.
6. Lastly, you must have a minimum take home pay of £750
per month.
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