Fastest payday loans – who is the fastest loan provider?
We are often asked which company pays out the fastest payday loans. Well that depends! There are two parts to a payday loan – the processing and then the payment. For the fastest loan processing, ensure you fill in the online application form with all the details requested and you meet the criteria for the loan you are applying for. Most payday loan providers require you to be over 18, have a regular income and either a bank account or debit card for repayment of the loan. Filling out the loan application correctly avoids delays and you will usually get a decision in principle online in seconds. Once your loan application has been accepted the loan company will contact you to finalise the loan. Usually the process takes around 2 hours. Once your loan has been finalized, the funds are transferred directly into your bank account. If your loan is processed before 3pm you will usually receive your money the same day. The longest part of the entire process is the time it takes your bank to credit the amount to your account – although most banks do credit the money same day.
In a recent survey of our Payday Lenders – speed E Loans performed fastest – with the time from application to receipt of the funds average less than two hours. The whole process can be done online and you can borrow up to £250 straight away.
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