Payday Bank Review – Is It A Good Payday Loan Company?
Payday Bank is a broker and not a lender. They help you find a loan by sending your application to many UK payday loan lenders. And one of these lenders provides the loan that you need.
Payday Bank’s features and services are similar to many of the top lenders. And their requirements are similar too and they are:
- Be at least 18 years old
- Have a UK bank account with a debit card
- Be fully employed
- Be a UK citizen
However, as a broker they can’t guarantee how much you’ll receive; that will depend on the lender and will be between £80 and £750. But as a first time borrower, it’s unlikely that you’ll receive the maximum. It’s more likely that you’ll be approved for about £300. And you can then request an increase on subsequent applications if you’ve had a good borrowing record.
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