Finance >> Payday Loans >> Payday Loan Eligibility >> Payday Loan Eligibility

Payday Loan Eligibility

Do I qualify for a payday loan? The answer is “Yes” if you meet the following requirements
  • I am eighteen years of age
  • I am a citizen of the “United Kingdom, Scotland, Northern Ireland and Wales”
  • I am currently a salaried employee
  • I have a running savings account/checking bank account
  • I receive my pay by direct bank transfer or direct bank deposit
  • I earn at least a £250 per payday after deduction of all taxes
If you meet all these requirements then you are surely to be sanctioned your Payday Loan. The approved amount gets deposited to your account the very same evening.

Since the loan is guaranteed against your pay day cheque the amount gets deducted on due date from your bank account along with accrued interest.