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What Exactly Is a Payday Loan?
The payday loan is a short-term cash advance that consumers can borrow until their next payday. Loans can be as low as £100 to as much as £2,000. Consumers who need quick cash could obtain funds for their needs in less than 24 hours by applying for this type of advance.
What Do You Need to Qualify for Scorpion Loans?
An applicant must be 18 years of age to qualify for a loan and be a UK resident. He or she must have a bank account that is in good standing in the UK. Additionally, the person must have a reliable income source such as income that comes from an employer.
How Long Does the Application Process Take?
The approval process can be as short as 60 seconds can or as long as several days depending on the authenticity of the information the applicant provides. Monevo’s panel of lenders are working hard 24 hours a day to ensure that all loan applications are processed in a timely fashion. The best way to accelerate the process is by providing accurate employment information and banking information.
How Soon Will Payment Be Due?
The repayment date is something that the applicant decides. A borrower can choose to repay an advance in one day, or that person can choose to repay the advance in 30 days. Lenders are generally very flexible with their repayment options. However, the borrower must stick to the repayment date once he or she agrees to it in the legal contract
How Do You Apply for Scorpion Loans?
To apply for a loan, an interested person can just click on the “apply” button and answer the questions as honestly as possible.
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative example: £400 borrowed for 30 days. Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable). Representative 728.9% APR. Scorpionloans.co.uk is a registered trading name of Hellcat Media Limited which is an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. Scorpionloans.co.uk Introduces customers to Monevo Ltd who are an Appointed Representative of Quint Group Ltd. for the purposes of obtaining a loan. Scorpionloans.co.uk does not provide any loan or consumer credit products directly.