1. How much does a single loan cost?

You will be charged a nominal fee of £30 per £100 for a 30 day period. Our Express Cash transfer costs you an additional fee of £15 as transaction charge, to receive the loan within 24 hours.

The BACS transfer is free and takes about 3 working days. The cost of your loan depends on the loan you have borrowed, and as long as you repay on time, there are no other charges.

 

2. How do I know whether I am eligible for a loan?

In order to be able to apply for a loan to Any Time Cash you must be at least 18 years of age or above, have a UK citizenship and a regular job with a take home monthly pay of at least £750, and have a bank account and a valid debit card. You will not be eligible for a loan if you are already in overdraft.

 

3. How much can I borrow?

We lend £480 to a new customer, on the first loan. After the first loan has been successfully repaid in full, we can lend you up to £1000 for any future loans, if you ever need them.

 

4. When will I receive the loan, and how?

You can choose to receive the loan within 24 hours by paying a nominal fee, or you can choose to receive the loan free of any charge, in your bank account, within 3 working days. To receive the loan within 24 hours, with our Express Cash transfer, you have to pay a nominal £15 transaction fee. Please make sure your bank is equipped with the Fast Payment Service (FPS), to receive the cash within 24 hours. With the BACS transfer, the loan is transferred to your account free of any charge within 3 working days.

 

5. What if I am paid weekly?

Currently, we only provide loans to customers who are paid on a monthly basis. But, please keep checking our website for future updates in this regard.

 

6. What if I fail to repay the loan on the due date?

If you find yourself unable to repay the loan on the due date, then it is absolutely essential that you get in touch with us at the earliest. This is to ensure that your account does not fall into the collections process. If you are unable to inform us of this issue, then your account will fall into the collections process in which case you would incur an additional £40 fee (this fee is charged for the additional work that the collections process needs).

 

7. What if I want to post pone my due date and extend my payment period?

We understand your needs, and so we also offer a flexible repayment plan, which has 4, 5 and 6 pay cycles. The repayment plan ensures that you are able to repay the loan in small amounts. 

If you borrow less than £100, then your loan schedule follows the 4-pay cycle plan. If you borrow between £100 and £170, then it will follow the 5- pay cycle plan, and if you borrow a loan for  £180 or above, then it will  follow the 6- pay cycle plan.

The due dates for the payday loan will be your pay days. On the first due date you will only pay the interest amount. The first due date will fall at least 8 days from the date of approval of the loan.  After your first repayment, you will pay the monthly interest along with part of the principal, for the rest of the due dates, till you have repaid the loan completely. You can make early repayments at any point in time during the term. We DO NOT charge any early payment penalties.