How a Payday Loan works at Cash Central UK
Payday loans are cash loans placed directly into your bank account from
Cash Central. A payday loan can be taken for 5 days up to 31 days—usually
until your next pay day. When your employer pays you, your loan is easily
paid back through a pre-affirmed electronic withdrawal from the debit card
you submitted.
Everyday people from a variety of backgrounds use a payday loan for
unexpected predicaments, whether that’s car repairs, living expenses,
rent, or to avoid defaulting on a cheque (or cheques) at the bank.
Payday Loan Approval
In order to apply for a loan with Cash Central, you must:
- Have been employed in your current job for three months or more.
- Have take home pay that is £1000 or more a month.
- Have a valid debit card registered in your name.
- Have updated (and accurate) home and business phone numbers.
- Be a UK Resident.
- Be 18 years or older.
Payday loan fees can be seen here.