Welcome to VeryMerryLoans.com, we can help you borrow £100 - £2,000 from 3 - 12 months.
Loans for 3 - 12 months.
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Both doorstep and payday loans are consumer credit products for smaller sums of money than traditional personal loans cater for. Both formats of loan are normally for between £100 and £1000 and are repayable over between a few weeks and several months. However, there are a few important differences to be aware of if you are considering applying for either a doorstep or payday loan.
Payday loans are a suitable consumer product for situations when the borrower has an unexpected bill or for a one-off situation when they have had a greater concentration of necessary expenses than normal. When friends or family are not a practical or convenient option, going through a regulated payday loan lender can help bridge short term cash flow issues when a small sum that will be quickly repaid is required to meet financial commitments.
With a value of a maximum £2000 and a quick online application and acceptance process that should have the cash in your bank account within a day at most, payday loans can be a convenient option in unplanned scenarios that leave you in need of speedy financial assistance.
Via Very Merry Loans, applying and receiving a payday loan is as simple a procedure as possible. Fill in our online application form with your basic personal details such as name, date of birth and address of permanent residence. The only other information that this 5-minute process requires is details of your employment or other regular income and the date you will next receive it on and the bank account to which the loan will be paid into and from which you will make repayments.
Most payday loan applicants are eligible and applying for a payday loan via Very Merry Loans means that you will almost certainly be approved. As long as you are over 18 years of age, live permanently in the UK and have a bank account, you should be approved for a loan from one of the over 20 UK-based payday lenders we work with.
Having a poor credit score, being a single parent, working part time, currently receiving state benefits or having immigrant status will not mean that you are not eligible for a payday loan. As long as you meet basic affordability criteria that show that you will be able to make repayment installments on or immediately after the dates on which you receive your regular income, you should be approved.
Because we are an FCA-licensed payday loans broker rather than direct lender, we work with over 20 FCA-regulated payday lenders. This means that we will always match you with the lender willing to approve you for a payday loan, that offs the best interest rate terms, saving you the time required to personally shop around and compare offers. One application means you will receive the best offer available from amongst our partners. You will also not pay any additional brokerage or arrangement fees.
The lenders that we work with provide payday loans of between £100 and £2000. How much you are able to borrow will be based upon affordability criteria which takes into consideration your regular income and outgoings.
One of the main advantages of a payday loan is that borrowers will, in the majority of cases, receive the funds into their bank account the same day as completing their application. The application form shouldn’t take more than 5 minutes to complete and within a couple of minutes a match is made with the lender willing to make the loan and offering the best terms. Once the lender has run a ‘soft’ credit or affordability assessment and terms have been accepted, which usually doesn’t take longer than 30 minutes, the funds are transferred to your account within a couple of hours to a 1 day.
Payday loans brokered by Very Merry Loans are repayable over a minimum of 1 and maximum of 12 months. Your first repayment installment will fall on or immediately after the date of your next payday or other form of regular income such as grant, benefits or income from investments. The number of installments to be made and over what period of time will depend upon a combination of how much you borrow and how much you can comfortably repay out of your regular income.
You should not apply for a payday loan under a number of circumstances: