Payday Loans from PurplePaydayLoans.com are always under £750 and are usually taken over a period of less than 31 days. This means the loan is repayable in full on your next payday, however, extensions are available upon request. Customers typically pay back £25 for every £100 they borrow although this can change depending on the size of your loan. A loan like this enables you to avoid short term cash flow issues, can prevent possible bank or credit card charges due to missed payments, or can be used to pay any unexpected bills. The loan application process is fully online, there is no paperwork and no credit checks are required from Purple Payday. If you are a successful applicant, you can often have your loan funds deposited into you bank account on the same day as your application. The basic Criteria for acceptance for a Purple Payday Loan is: - 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.
- You must be at least 18 years of age or over.
- You must be a resident and be eligible to work in the United Kingdom (England, Scotland, Wales or Northern Ireland).
- You must be employed and receive a regular salary.
- You must have your salary paid directly into your bank account.
- You must have a minimum take home pay of £750 per month.
Other conditions may apply. Check the Purple Payday Loans Website for full details. Cashback from Purple Payday is £5.50 for an accepted application that meets the Purple Payday basic criteria.
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