Welcome to VeryMerryLoans.com, we can help you borrow £100 - £2,000 from 3 - 12 months.

Loans for 3 - 12 months.

Short, simple and fast application process.

Decisions in minutes.

How much you need today?

When can you repay this loan?

1 Months

Borrowing: £1000

Representative APR: 1192%

Repayment By: 5.1.2016

Interest: £58.68

Total Repayment: £1058.68

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Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Maximum Loan Length is 12 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable). We are a free licensed credit broker, not a lender.

Payday Loans For Students

Studying can be an expensive business and there may be months when you simply can’t get from one to the next. This is where payday loans for students come in really useful, providing a short-term finance fix to cover essentials or bridge that cash gap.

What are student payday loans?

These loans are short-term finance that you can borrow for around a month to help supplement your own finances and/or to help you balance your budget. They are usually for between £100 and £2,000 and most payday loans for students are fee free i.e. there is nothing to pay for the loan other than the interest due for borrowing the money.

Who can apply for payday loans for students?

Obviously you need to be a student and at least 18 years old to apply for student payday loans. You will need to have UK citizenship, or the legal right to reside, and you must also have a bank account that the loan can be paid in to and the repayment set up to be paid out of. You’ll need to be able to show some form of income to be eligible for payday loans for students as it would not be responsible for a lender to allow you to borrow without the ability to repay. This could be a part time student job, or it may be some form of student finance.

How do the loans work?

Payday loans for students are very simple to apply for – the process is entirely online, which makes it fast and easy, and decisions are quick too. The cash is paid directly into your bank account and this is done as soon as the loan is approved. You’ll pay interest on the payday loan but only over the short space of time that you borrow it and this is paid at the same time as you repay the loan in one single, simple payment.

How can payday loans help students?

It’s often difficult to manage your money when you don’t have the income of a full time job and there may be times when you need a little help. Payday loans for students provide a bit of extra wiggle room, giving you the financial space to breathe until you next receive income, whether from a part time job or your student finance.

Fast finance: Payday loans for students are available quickly – sometimes on the same day you apply. This makes them ideal if you need to access cash urgently, whether that’s to pay for car repairs to get you moving again or to help with a student deposit so that you can find a new place to live.

Higher approval rates: It can be tricky for students to apply for finance without an established, or positive, credit rating – something that is difficult to achieve if you haven’t yet started work. As payday loans for students tend to be for smaller amounts and shorter time periods there is less risk for the lender so they have higher approval rates than other loans.

Uncomplicated cash: Payday loans for students are simple – borrow for a short space of time and then repay. You don’t need to keep thinking about repayments over a long period of time and there are no complicated fees or interest to calculate so you can get on with the more important business of studying instead.

Very Merry Example

Loan Amount: £300
Loan Term: 3 months
Interest: £193.96
Total Repayable: £493.96 Apply

Representative APR: 1192%. (variable)
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.