We like to keep things simple. If you have any questions about the way we work, take a look at the FAQs below, or contact us. Ready to go ahead? Apply now and get a decision within three hours!


Is Payday Loans Net a licensed lender?

Yes! Payday Loans Net is a fully licensed direct lender. You can find the details of our license on the register on the Financial Conduct Authority‘s website.

How much can I borrow from Payday Loans Net?

The largest sum Payday Loans Net offers for an instalment loan is £2000, but your approved amount will be different depending on your net income; your monthly expenses and other variables that we use to determine qualification. Having said that, it’s important that you only choose to borrow as much as you can repay on every one of your repayment dates.

What are Payday Loan Net’s rates?

Daily interest will accrue on the outstanding principal loan amount at a rate of 0.8% per day. The entire cost of the loan will change depending on your loan period.

What’s a Payday Loans Net instalment loan?

A Payday Loans Net instalment loan is financing that’s repaid over multiple repayment dates. So instead of repaying the entire amount on your next payday, you are going to have the flexibility to pay back a part back each payday during the next couple of weeks or months.

What do I need to apply for a Payday Loans Net Loan?

To get a payday loan from us, you will need to satisfy the following requirements:

  • You must be over 18 years old and a UK resident in employment, receiving disability or pension benefit/living allowance
  • Receive more than £750 after tax per month
  • Have a bank account with a debit card that is valid
  • Pass our affordability evaluation
  • Match our credit standards

What do I need to know before getting a loan?

Please read through and contemplate all the pre-contractual advice supplied. Please make sure you comprehend all of this information before continuing to sign your loan agreement. If you’ve got any questions, please contact us. Our contracts need to be electronically signed.

Just how do I apply for financing online?

To submit an application for a loan, please complete our online application here. Then follow these steps:

  • Click’ Apply ‘
  • Using our loan calculator choose your required amount of the loan between £200 – £2,000
  • Ensure the monthly repayment(s) and total sum payable are affordable for you
  • Complete the PDNET loan application form online

Do I need to send in any records?

In general, no. However, in the unusual situation that we will be unable to confirm your details, Payday Loans Net may ask you send us a document via email. Not only is this frequently more suitable for you, but additionally it is eco-friendly.

How long does it take for funds to reach my account?

We are a fast online lender and we are committed to getting your money to you in as short a time as possible. After approval, we transmit money to your bank account within just a few hours. If you do not receive the money, feel free to contact us on 020 3006 6977 and we will help you. Please note, funding is also dependent on your bank, cut off times and vacations.

What will happen if I’m an existing customer?

If you are given a loan, Payday Loans Net will supply you with login details which permit you to:

  • Apply for another loan
  • See your present loan details
  • Pay towards your current loan
  • Update your personal information

How do I repay my loan?

Repaying your loan from Payday Loan Net is as easy as it gets – you don’t need to do anything! On your payday or the agreed contractual date, your account will automatically be debited for the agreed upon repayment sum using your debit card. We use continuous payment authority (CPA) to accumulate repayments utilising the card details you give us when you apply. You have to consent to CPA to get a Payday loans Net loan.

You can always repay your loan early on your online user interface and save on interest.

How much do Payday Loans Net charge for late payment?

You will have to have sufficient cash in your account by 5 am on your due date for us to debit the loan on time. We debit the cash automatically from the debit card you register with us, unless you ask to pay by a process that is different. If the payment doesn’t go through, we give you a 24 hour period before you receive the missed payment fee of £15.

As a responsible direct lender, we always try to help our customers as much as possible. If you know in advance that you won’t be able to meet a repayment, please call us as soon as possible and we’ll do our best to come to an alternative arrangement.

If your payment fails, we’ll try to get in touch with you to learn what we may do to assist, and why the collection effort failed. Please call us straight away on 020 3006 6977 in the event you can not repay your loan on time. We provide an assortment of choices to customers having trouble repaying their loan. We also endeavour to deal with your situation in a manner that is sensible and helpful.

Any late payment may be reported by us to credit reference agencies. This might impact your credit score as well as your capability to borrow from us, or alternative lenders later on.

What can I use PDNET short term loans for?

Anyone who takes on financing ought to have an excellent reason behind it. At Payday loans Net, we urge customers that are approved to use our loans for unanticipated emergency expenses, like a broken down car or a hole in the roofing. Neglecting to repay on time can have a big impact on a customer’s credit.

Why should I choose Payday Loans Net?

  1. Low representative APR – APR takes into consideration the quantity of interest billed to you for borrowing a particular amount of money.
  2. We wont trick you by offering you mouth-wateringly low interest rates only to shock you afterwards with enormous fees.

Why should I select Payday loans Net instead of another lender?

A better question may be, “How do I select the perfect lender for me?” Well, don’t pick the first lender you find just because you are pressed for money. Instead, begin by making a budget so that you understand what you are capable of repaying. Subsequently, compare different lenders’ offers, contemplating prospective fees, repayment programs, loan amounts and other variables.

If you find that what you are seeking is a loan focused on flexibility, then Payday Loans Net could be the lender for you! We provide loans up to £2000 that are repaid in instalments up to 6 months.

Is a Payday Loan Net cash Advance right for you?

Our loans are for short-term use only and might not be the most economical option for you. Using our loans in the wrong way can cause you serious money problems. For example:

  • Late repayment could impact your credit rating and will mean additional costs
  • You should not use our loans to handle present debt
  • Payday loans net might not be suitable for you, should you take out loans regularly
  • You should only take a loan out if you are confident that you will be able to repay it on time

Written by: Kelly R
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