New Payday Loan Lender
Welcome to Weeloans, a new payday lender. Our Short Term or Payday loan application process is simple and, subject to approval, gives you access to cash when you need it most.
Application for our payday loans is free – we have no Admin or other fees and apply only interest at 0.8% per day.
About our loans
As a licensed and regulated payday loans lender based in the UK, we have a transparency policy which means we always give the total amount which has to be repaid. We also give you deadlines for repayments so that our borrowers do not end up with unexpectedly high repayments because of late payments.
If we are unable to approve you for funding ourselves, we act as a Broker for you – a 100% free service.
Please note, that in the event that we do find an alternative Lender for you via our Broker service, we may accept a commission from an Affiliate that accepts your application. In acting for you, we simply use your Application to us to perform a search through our Lender Affiliate Network.
Instant Decision Payday Loans
Instant Decision Loans are possible if your Application meets all of our Decision Engine’s requirements without the need for further review by our Underwriter. Most often, we do need to take a more in-depth review and this will take a little longer but this doesn’t mean you will not get an answer the same day and, if approved, you will still receive your loan the very same day.
As one of the UK’s most trusted payday lenders, we strive to offer you the best possible financial service. Note please that we only offer loans to customers who live and work in the UK and who have a UK registered bank account.
Our rules stipulate that you must be over 18 years old, however you do not have to be a home owner or have a completely clean credit rating.
Short Term Loans
Our service operates solely online. Applications are completed and accepted via a safe and secure form. When your payday comes around you should repay us via your Bank Account directly since we do not operate a Continuous Repayment Scheme. Instead, we rely upon you, our Customer, to repay at your convenience.
If the loan cannot be paid back we urge you to contact us. In some cases, we can offer extensions albeit only up to a maximum of two. It is important to know that additional charges will occur – i.e. additional interest calculated at 0.8% per day – and loans should only be extended under exceptional circumstances.
Members of an accredited Trade Association
Weeloans.co.uk is a Member of the Consumer Credit Trade Association and signatories to the advisory guidelines as set out in the ‘Good Practice Customer Charter”.
Our customer care team is always available to help and we’re confident that you will experience a best-in-class service from Britain’s new payday loan lender.
Please note that Customers who do pay late may incur a default fee of £12. All charges are clearly defined to every customer prior to signing the loan agreement.
If you do not repay within 7 days following your loan repayment date, we may add additional interest calculated at 0.8% per day late up to a maximum of 30 days.
Please be aware that defaulting on your Loan Agreement can have a negative affect your Credit Rating.