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How It Works

Wondering how applying for payday loans could possibly be so fast, convenient, and easy, let alone safe and secure? We’ll walk you through our process of getting payday loans from direct lenders in the UK here at Very Merry Loans.


Loan term and time.

Fill Out Our Brief Application

The first step to instant payday loans is to complete a 5-minute application with us. You’ll tell us what you’re looking for in a loan – do you want to borrow £100 or £2,000? Do you want to repay your loan in 1 month or 6 months? After that, you’ll give us some basic information about yourself, such as your address, income, and banking information. Make sure you fill out the form accurately, as this will be used to decide your loan terms.

Application

Receive Your Decision in Minutes

Within minutes, you’ll receive your loan decision. We review our lenders and try our best to find one that offers the loan you’re looking for. If you are approved, you will receive a loan agreement, which lays out all the details of your loan offering. It’s important to read this loan agreement very carefully before making your decision, as it explains all of the terms and conditions of your loan. Pay attention to the interest rate, repayment plan, and late payment policies.

Respsonse

Get Your Money Instantly

If you choose to take out a loan with one of our lenders, your funds will be transferred to your bank electronically as soon as possible, often within the same day. If you agree to the loan during certain hours or on UK bank holidays, you may have to wait until the next morning to receive your funds. Many of our borrowers apply for and receive their loan on the same day – it really is that simple.

Repaying Your Loan Responsibly

At Very Merry Loans we care about you. Please, take into consideration that short-term loans are meant to cover unexpected expenses, such as emergencies or unplanned activities. Our loans are best used for small expenses that you can easily pay back in a few months.

We do not want your credit to be affected, that is why funds are typically withdrawn automatically from your account on the date of your choosing, making it easy to avoid late payments that could affect your history.


Sample Loan

Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £559.68 in 3 monthly instalments of £186.56. Interest charged is £159.68, interest rate 161.9% (variable).