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What is a payday loan?
A payday loan is a small cash advance so you can have fast cash when you need it. Our payday loans are repayable on your next payday – up to 30 days away. It is an easy way to borrow instant cash for those who don´t want the formal and lengthy loan agreement with a bank. |
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Do you run credit checks?
No. Our pay day loans are same day loans-no credit checks. |
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What can the loan be used for?
Anything. |
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How much can I borrow?
New customers can apply for a payday advance between £100 and £400. Existing payday loan customers will be offered a pre-authorised limit up to £1000. |
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What do I need to get a payday loan?
To get money till payday you need to be currently employed and have an active bank account with a debit card. |
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What if I’m self-employed?
If you are self-employed and want to apply for a payday cash advance we can help if you have a cheque book with a cheque guarantee card. |
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I have a CCJ – can I still qualify for a payday loan?
To qualify for cash until payday you need to be able to satisfy us that you will have sufficient funds on your payday to repay your payday loan. |
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How long does it take to get the money?
Top Hat Money payday loans take around 2 hours from receipt of the application. |
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How do I get my money?
The funds of your cash advance are electronically transmitted and are cleared into your bank account within minutes. |
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Do I need to fill in an application every time I need a payday loan?
As an existing payday loan customer you don´t have to fill in an application every time you need a cash advance. However from time to time we may ask you for supporting documentation. |
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Do I have to repay the payday loan in one go?
No, you have the option of extending your payday loan by paying just the interest. It is important to understand that when you extend your payday loan online you are not paying anything off the loan amount, simply extending your full repayment. |
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Can I pay my payday loan off in instalments?
Yes. You can do this by asking us to extend your payday cash advance, once the extension fee has been paid you can then ask us to take an additional payment. The amount is entirely at your discretion and you can make your mind up on the day. Whatever you pay then comes off your loan amount and so there is less interest to pay. |
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What if I fail to repay my payday loan?
It is important that you inform us as soon as you think you will not be able to repay the payday loan on time in order to avoid legal collection procedures. |
