Same Day Loans FAQ's
Same Day Loans - Your Questions Answered
Want more information on our same day loans? Take a look at the frequently asked questions below. Alternatively please call us on 0845 653 1365
What is a Payday Loan?
A Payday Loan is a small short term loan repayable on your next pay day, up to 30 days away.
What can a Payday Loan be used for?
Anything - unexpected bills, a must-have purchase, even a night out.
How much can I borrow?
Early Pay Day Loans Ltd prides itself on being a responsible lender. We will take many factors into account when deciding on your loan amount. We will look into, but not limited to, your salary, your credit report, and any previous history with us.
Loan amounts available are £120, £160, £200, £240, £280, £320, £360, £400, £440, £480, £520, £560, £600, £640, £680, £720, £760 and £800.
How much does it cost?
Our fees are £20 per £80 borrowed. There are no other hidden charges at EPDL. Therefore if you borrow £160 you will pay back £200 on your next pay day.
What do I need to get a Payday Loan?
To get a Payday Loan you must be employed and have your salary credited to an active bank account with a debit card and / or direct debit facility.
I have CCJ's - is that a problem?
No, not at all. We understand that not everyone’s credit rating is perfect and that is why we are here to help.
Does it matter that I don't have a debit card?
No, as long as you have either a debit card OR a direct debit facility we can help.
Am I able to roll over my loan?
We do offer our customers the opportunity to roll over their loan, but we do not recommend this. A payday loan should ONLY be used as a short term financial solution. Rolling over the loan does not clear your balance, it just extends it to your next pay date.
Can I still get a loan if I am weekly paid?
Certainly. We offer our weekly paid customers a loan repayable on the 4th payday after they receive the loan.
What if I'm not a home-owner?
It makes no difference - we require you to meet the same criteria as any other customer.
I am self-employed?
Unfortunately we are not able to help people who are self-employed.
Can I have another loan if I still have one which is not repaid?
Yes. You can do this by increasing the size of your current loan with us. Simply call us on 0845 653 1365 or email us at info@earlypayday.co.uk.
How long will it take to get the money?
Looking for same day loans? Apply now and you could have the money in your account today!
How do you use the information I provide?
What if I cannot repay my loan?
If you fail to repay your loan, the debt can grow. Default interest can be added at a rate of 25% of the total due per calendar month. We will only issue a loan if we feel you are able to fully repay this. If you are experiencing financial difficulties you should always contact us prior to your loan defaulting. Defaulting on your loan will also adversely affect your credit report, meaning you may then find it hard to obtain credit from other lenders.