Why should a potential borrower use GB Loan?
We have a lot of professional lending companies on our panel of lenders. Therefore applying at our site will enable you to automatically apply at several lenders at once and therefore presenting a better chance of acceptance.
Is there any prescribed eligibility criteria for borrowers?
Anybody who is 18 years or over and has a job and a bank account with a debit card can apply for the loans. He must also be a citizen of the United Kingdom.
Why should I apply online for a loan?
Applying online is easy and fast. You just have to fill in the application for available on the site and you can get a decision on your application within a few minutes in most of the cases. In addition to that, your application is seen by a lot of lenders which naturally increases your chances of approval.
What is the maximum amount of cash that I can avail through your assistance?
Payday loans are given for maximum amount of £1000. The approval amount depends upon your needs and repaying capability.
How much time does it take to complete the loan approval process?
After your application has been approved by the lender, the amount is usually credited directly in a few hours usually. However, in some cases like business operating hours it can take 24 hours or so.
How much the loan will cost me?
Loan cost varies for different amounts and periods. When you are at the lender's site, you will be able to see the costs on their calculator. Please use the calculator to see how much the loan will cost you by choosing the amount and repayment term.
I have a bad credit history. Can I avail your services?
Yes, you can apply even if you don't have a good credit history. If you currently earn well to repay the loan, the lenders will consider your application.
What is the consequence of missing or late payment?
The consequences of missing payments can be grave as the lenders will charge you late fees penalty to cover their costs. Please only take the loan if you are sure you can repay it according to the schedule agreed with the lender. If for some reasons you feel that you might miss a payment, you should immediately contact the lender and inform them of the same.
How will I know if my application is approved?
Once you have submitted your application at our site, our software will search for lenders to match your requirements. If the software finds a suitable lender who is willing to accept your application, you will be automatically redirected to that lender's site. On that site you will be able to see the rate of interest and terms of the loans etc so that you can make an informed decision before accepting the loan.
Do you have any guidelines to maintain confidentiality of borrower's information?
What is the maximum repayment period?
Repayment period is different for different loans. A payday loan is given for a maximum period for one month. Installment loans on the other hand can be paid over a period of few months.
What kind of information does the application form need?
The application form will ask you your name, address, contact details, your date of birth, work and payment details.
What you do of this information?
The information provided by you helps us to contact you, assess how much you want to borrow and your capability to repay when we try to find a loan for you.
I do not have any debit card. Can I borrow loans through you?
No; Debit cards are essential to apply for a loan. They allow the lender to automatically charge the repayment directly from your bank account on the agreed repayment date. If you don't have a debit card, we will not be able to help you.
The operator of this website is not a lender and does not make credit decisions. The information you provide will be used in securing you a payday loan through our UK network of leading Payday Loan Lenders and Brokers. The personal, financial and employment information that we collect is stored electronically for the duration of your application and is removed from our system upon acceptance from a lender.
We expect you to repay your loan on the date agreed, so if you do not think you are in a position to make your repayments please do not apply with us in the first place. It is not worth risking your credit rating nor any financial consequences which might result.
Payday Loans are classified by the Financial Conduct Authority as High Risk Financial Instruments and are typically subject to higher rates of interest than those charged by 'high-street commercial lenders'.
Please note that payday loans are meant to be used for short term financial emergencies and are not designed to provide long term solutions. Any queries or complaints regarding our service should be addressed in writing to this address.
Pervasive Web Solutions is authorised and regulated by the Financial Conduct Authority to carry out Credit Broking: Authorisation Number FRN 740122 Authorisation can be checked on the Financial Service Register at http://www.fca.org.uk/register
Data Protection Reg No: ZA123718