Our Recent Happy Customers
I applied for £500 for a renovations to the kitchen
I got £200 to fix my broken car
I borrowed £350 for my holiday,
I needed £300 to help pay for
Frequently Asked Questions
How long does it take to apply and receive my funds?
In the vast majority of cases it only takes a few minutes to approve an application including signing for it. However, in some cases it may be necessary for you to provide additional information, though even when this happens it still should be taken care of on the same day.
How much can I borrow?
You can borrow anywhere from £100 to £1200 depending on your personal circumstances. Money can be in your account today!
|You Borrow||You Payback|
Why is the APR so high?
Annual Percentage Rate or APR is a common method for comparing finance that is lent over a period of 12 months or more but a Payday loan is set of a period of 1 month and therefore can be misleading for comparison purposes.
The below table demonstrates this:
|Loan Type||Loan Amount||Months||Total Repayable||APR||Actual Interest|
What are your eligibility criteria?
The lenders we work with have varying criteria but all lenders require applicants to be over 18 and in work either in an employed or self employed capacity.
Why do you need this information?
All responsible lenders are required to verify that you are who you say you are. That you are in full time employment and can afford to repay the loan. That it is your account that funds are deposited into.
Do you use credit scoring or credit reference agencies?
Some but not all of the lenders we use do credit score applications and use Credit Reference Agencies. If a lender chooses to decline your application we will try and send your application to a lender who does not use these methods to give you the very best chance of gaining an approved loan application.
I have bad credit history - can I still apply?
Absolutely, our lenders are not basing their decision to lend to you over the long term (12 months or more) therefore we are more likely to be interested in your present circumstances. A lot of our lenders specialise in lending to people who have had bad credit in the past.
I don't have a debit card - can I still apply?
It is not always necessary to have a debit card attached to your bank account, please ask us for more details.
How do I apply?
Complete our quick and easy online form. That's it, we take care of the rest.
When will I get my funds?
If you apply before 3pm Monday to Friday lenders in many cases will deposit funds into your account the same day. Applications made after 3pm usually mean lenders will deposit your funds on the next working day. If you need funds in your account on a Monday then simply apply over the weekend and we will take care of the rest.
How will I get my funds?
They will be paid directly into your bank account.
How do I pay back my loan?
Lenders accept various payment methods but typically it's either by debit card or taken as a direct debit.
What if I have problems paying?
Lenders understand that people's circumstances can change. If this is the case, you must let your lender know as soon as possible and they will do their best to help where they can. The most important things to note are:
- Don't borrow money you don't think you can pay back
- Talk to your lender if you run into difficulties repaying your loan.
I am very happy with your service – what can I do?
Please let us know! We work very hard to keep our customers happy and it is always good to know when we've succeeded. Please email your comments to [email protected]
I am not happy with your service– what can I do?
Here at Precise Loan, we do everything we can to make sure our customers get the best possible service. However, sometimes, we don't get things right first time.
If you're not completely happy with our service, we need to hear about it - that way, we can do something to put it right. Please email your comment to [email protected]