WageDay Advance, that is a British Lender affiliated with the United Kingdom Consumer Credit Association, offers payday loans to its inhabitants. The company is helping inhabitants since 2004, and it is one of the UK’s most thriving and well-liked online payday loan companies.
A payday loan is a short-term cash advance. The lender supposes the borrower to return borrowed profits and an interest charge on the date of lender’s next payday. WageDat is one of the quick providers providing fast cash solution for people need quick cash and who are running out of cash at the end of the month.
Consumers who have unexpected emergencies can also use these loans for bill payments, vehicle maintenance, and home renewal. Moreover, the borrower can use these funds for vacations, savings, and shopping.
Payments can be postponed if your term is above one month, but you’ll still have to pay off the interest that you’ve taken that month which means with the passage of time your loan will be more costly as compared to initially plan.
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Bad Credit is Fine
The main payday loan requirement is your salary. You must be in the same job for at least three months. Some lenders require that you must earn at least £1000 monthly. Unlike others, Wageday does not consider your credit rating. Even with the bad score – you have the possibility of getting your application approved.
WageDay Advance Login
If you are a job holder with a regular income, you are expected to get an approval for an instant loan. This choice isn’t accessible for loans above two or three months.
If you miss a monthly payment you will be charged a fee of £15, this charge applies only for once and only on loans that are over 4, 5 or 6 months.
In order to avoid this charge and for in time monthly payments, log in to your WageDay Advance management tool that will show you the details of the loan, and your repayment review. Through this tool, you can apply for a new loan if your original one if totally paid off.
Advantages
- You may be approved in 1 day
- You can get quick Money Instantly
- Incredible 99% Qualify Approval Rate
- Min Application criteria are very easy
- Cash Deposited in much less than 24 hours after applying
- No Fax and TeleTech is required
- It has no Credit rating Checks
You don’t need to worry about repayment or compensation until your salary arrives. Usually, your present payday loan isn’t a big problem as you’ve already handled your own expenses and you will pay it back it as soon as you get your current salary.
Login Requirements
Go to Wageday Advance official site where you will be guided all the requirements and procedure which you need for login. if you are going to log in for the first time you have to enter the email address and password on the given online form.
You will need to have details of:
- Your home address
- Employment
- Your bank account
After login, you can:
- Check the real-time status of your present loan application
- Check the amount you are presently eligible for and the balance of any accessible loan
- Apply for a successive loan
- Request to update your private details
- Change your password
- Check your messages
- Upload documents
The applicant must have a UK bank account along with a debit card
If you have not taken a loan, open the New Loan tab and enter the loan amount, the number of repayments, next pay date, promotional code, overnight payment and submit.
After that, go to review payment details and check the repayment amounts, dates and review your personal details.
Then Select the reason for taking the loan and complete the process of loan affordability check.
Then click “Continue” to continue with your application, or “Change” to change the loan amount.
Electronically your contract will be accepted by entering the Contract Code that you will be found in the top right corner of your Loan Contract.
Enter it in the field and tick the tickbox then accept the Contract.
Note: The borrower has the freedom to spend the borrowed amount in any way.
Wageday Advance Amount
The company gives high-cost and short-term loans between £80 and £750 over one to six months. The approved amount depends on the income of the borrower.
If you are new customers, you can only borrow maximum £500, but if you can prove yourself to be reliable, you’ll be eligible to borrow the maximum amount after completing formal loan requirements. You can borrow a WageDayAdvance loan from 21 to 57 days.
Representative APR
WageDay Advance representative APR is 1281.8% that is quite standard in the high-cost short-term market.
Let’s see an example. If you lend between £160 over 29 days then, Representative example will be as follows:
If you borrow £160 over 29 days at an annual interest rate of 292.00% and Representative rate of 1,281.8% APR and, you will pay £244.80 1 monthly payment, the £37.12 will be the total charge for credit and £197.12 will be the total amount payable.
Features
- It has no charge for settling the loan early
- Frequent customers can borrow up to the payout
- The payout can occur in one hour
Payments
Approved people will receive their funds by BACS within three business days. If a borrower wants to receive funding faster, he or she will have to pay an additional charge of £15 so that he/she can receive the amount on the same day.
Applying Criteria
If you want to borrow WageDay Advance you must:
- Be aged 18 or over
- Be a UK resident
- Need to be in employment
- Must have a bank account and debit card
- Need to have the salary to be paid into your bank account
WageDayAdvance does not administrate the usage of the proceeds.
Fees
- The arrangement fee is £0
- Late payment fee is £15
- Maximum APR is 1281.8%
- Early repayment fee is £0
WageDayAdvance has a fee of £29 for every £100 it lends.
WageDay Loans Details
- Loan calculator is available for you to check how much you’d like to borrow and how much your repayments are, so you can evaluate the amount affordable for you.
- In case you’re a returning customer, log into your Online Account and see your tailored loan options there.
- An individual can borrow up to £2,000 and pay back the loan over 1 to 12 months.
- You can choose the right choice and amount for you.
- A new customer is eligible to borrow up to £500 above 1 to 3 months or up to £750 for 4 to 6 months.
- If you are a frequent customer, you can borrow up to £2000 over terms up to 12 months.
- Bigger loan values are only accessible for longer terms.
- All Advance loans are clear with the details of how much you have to repay and when are your payments due.
- A £15 charge is payable as the late payment on our 1 to 3-month loans.
Bottom Line
Regardless of the Wageday Advance quite expensive representative APR, customers like it and it has a large number of positive reviews from their customers.
These loans offer their customers a collection of straight and sober features and repayment options, but if you research the market you can find better and cheaper options for you.
Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger
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