Paydo – Apply for a Payday Loan Online Today

Get up to £1000 direct to your bank in as little as 15 minutes*.

Paydo.co.uk provides payday loans to consumers across the UK (with over 100000 applications in 2012) it’s hardly surprising we’re considered one of Britain’s favourite websites for this type of short term loan!

We make the entire application process easy as possible with just one simple, quick and easy to complete form. We don’t over-complicate things, we know it’s important to the cash you need to get you by until your next payday. Borrow from £50 up to £1000 today. -

Once you have applied there are no brokers to deal with as you apply direct to the lender. There’s no faxing and no phone calls and bad credit is often accepted. The application process is easy and takes only minutes!

At Paydo we understand that many people are feeling the effects of the recession which is why we are here to help. With banks lending less, cash loans can be hard to find and many of us are feeling the pinch. It can be really difficult when an emergency has you strapped for cash that you just don’t have.

Figures on the right are representative examples based on a 30-day borrowing and a representative APR of 1355% (304.16% rate of interest p.a. fixed). So if you borrow £100 for 30 days, your total interest would be £25, meaning your total to pay would be £125.

Apply for a Payday Loan using our short form to get cash in 15 minutes often even with bad credit.

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recommended payday loan companyGet Cash Quickly: Payday Loans allow you to get the cash you so desperately need. Simply pay the loan back when your next payday comes around. No hidden fees, no nasty surprises, just simple short term loans from payday lenders.

How it Works: You choose the amount that you want to borrow and your loan is paid direct to your bank account often within 15 minutes (if your bank accepts faster payments).

The collections process: On your chosen payment date the loan repayment is then automatically collected direct from your bank account or debit card, or you can pay it back sooner if you choose.

What are the costs: For every £100 you borrow, you pay £25 in interest, based on a 30-day loan. Calculated in APR this is 1355% variable.

What if I can’t pay back my loan: Loans are not automatically renewed, so if your loan isn’t paid back on time there will be an additional fees. Lending rates for any further months are applied to your outstanding balance not your original loan amount.

What are the charges: There are no fees for taking out a loan or non-payment however there are charges applied in the form of interest. The interest rates are 1355% per annum, in general terms this translates to 25% interest on your loan applied at the end of each month. For example, if at the end of the month you have borrowed a £200 loan then the charges will be £50 (25% of your loan).

Collections Process: None payment or late payment may negatively affect your credit score. If you can’t pay back the loan on time then inform the lender collections department. If you do not inform the lender collection department the balance will be collected directly from your bank on same day the following month. If non-payment occurs for longer than a month your debt may be referred to a debt collection agency.

Your Security: Here at Paydo we realise how important it is to make sure the site you are using is 100% secure, which is we are proud to say we use Comodo. We also really value our customer feedback as we always want to improve our service to provide you with the best possible lending service. Feel free to send us your feedback.