Full product details for the Micro Lend UK Microlend payday loan, including application criteria, rates, suitability, fees & charges, example costs and logbook loans.
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Representative Example:
The Representative APR is 4,640% (fixed) so if you borrow £100 over 30 days at a rate of 4,640% (fixed) and a registration fee of £3.50
Representative APR
4,640%
Representative APR is 4640%.
APR Type
fixed
Bank Account with Salary Credit Needed
yes
Salary must be paid into bank account.
Minimum Monthly Income
£500
£500.00
Minimum Loan
£100
Minimum loan is £100.00
Maximum Loan
£1,000
Maximum loan is £1000.00. New customers can only apply for up to maximum of £1000.00.
Minimum Loan Term
1 day
Minimum term is 1 day.
Maximum Loan Term
35 days
Maximum term is 35 days.
Credit Check
yes
Credit checks are carried out on application.
Interest Charge (per £100)
£30.00
£30.00 per £100 borrowed.
Bad Credit Considered
yes
Applicants with adverse credit history considered.
Application Criteria
Bank Account with Salary Credit Needed
yes
Salary must be paid into bank account.
Minimum Monthly Income
£500
£500.00
Minimum Age
18 years
Minimum age is 18 years.
Customer Type
All
Product available to both new and existing customers.
Credit Check
yes
Credit checks are carried out on application.
Homeowner Only
no
Do not need to be a homeowner.
Self Employed Acceptable
no
Self employed applicants are not acceptable.
Unemployed Acceptable
no
Unemployed applicants are not accepted
Bad Credit Considered
yes
Applicants with adverse credit history considered.
CCJ Allowed
yes
CCJ's are considered.
Arrears Allowed
yes
Arrears acceptable.
Debit Card or Cheque Book Required
yes
The customer must have a salary credited to an active bank account with a cheque book or a debit card.
Joint Application
no
Single applicants only.
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Compare Micro Lend UK Microlend With These Payday Loans
1 day minimum loan term is offered with the payday loan.
You get £800 max loan from Payday Express.
31 days max loan term.
Get a minimum loan of £80 from the Express Loan.
You benefit from registration fee of £0.
You get 2,670.8% representative APR from Payday Express.
Representative Example:
The Representative APR is 2,670.8% (fixed) so if you borrow £100 over 30 days at a rate of 2,670.8% (fixed) you will repay £129.
Get a representative APR of 1,737% from this payday loan.
Get £0 registration fee.
Representative Example:
The Representative APR is 1,737% (variable) so if you borrow £100 over 30 days at a rate of 1,737% (variable) you will repay £129.
Get a maximum loan term of 30 days from this Payday Loan (Average - 1 Pay Period).
Minimum loan of £100 is available with the payday loan.
Representative APR of 1,734 percent is offered with Payday Loan (Average - 1 Pay Period).
1 day minimum loan period is offered.
Representative Example:
The Representative APR is 1,734% (variable) so if you borrow £100 over 30 days at a rate of 1,734% (variable) you will repay £129.50.
Representative APR of 1,734 percent is offered to customers.
£1,000 max loan is offered to new customers.
Get a minimum loan of £100.
Customers can get minimum loan length of 1 day.
Representative Example:
The Representative APR is 1,734% (variable) so if you borrow £100 over 30 days at a rate of 1,734% (variable) you will repay £120.
This payday loan offers a representative APR of 2,623.3%.
Representative Example:
The Representative APR is 2,623.3% (fixed) so if you borrow £100 over 30 days at a rate of 2,623.3% (fixed) you will repay £130.
Representative Example:
The Representative APR is 1,734% (variable) so if you borrow £100 over 30 days at a rate of 1,734% (variable) you will repay £150.