Frequently Asked Questions
What is a Rapid Cash Payday Loan?
A Rapid Cash
Payday Loan is a loan of up to £500 repayable up to 30 days away.
What if I get paid weekly?
No problem at all,
the payday loan will be repayable on the agreed date.
How will I know if my application has been approved?
Rapid Cash use an electronic system to approve your loan. It will
tell you on screen if you have been approved straight after
completing your online application.
What do I need to get a Rapid Cash Payday Loan?
You must be at
least 18 years of age, have a regular income, an active bank account
and a debit card.
How much can I borrow?
You can borrow an amount from £80 to £500 depending on your
circumstances.
Do Rapid Cash use credit checks for approving a payday loan?
No,
applying for a Rapid Cash payday loan will not affect your credit
history or credit rating.
I am a tenant, is this a problem?
No, customers who
are tenants or home owners can apply for a Rapid Cash Payday Loan.
Do Rapid Cash contact current or previous employers?
No, none of the
information you provide will be divulged to any third party without
your prior agreement or unless required by law.
How long will it take to get the money?
As soon as
you electronically sign the payday loan credit agreement document we can transfer
your money directly into your bank account using CHAPS or BACS
transfer. For CHAPS transfers we must receive your
application before 2pm for you to receive your money the same day,
after 2pm will mean the money will be in your
account the next working day (please note there is a charge of £25
for CHAPS transfers). We now offer Faster BACS payments, providing
your bank account can accept Faster BACS transfers we can transfer
you money into your account FREE of charge at any time. Normal BACS transfers will take up to 3 working days
to credit your bank account, there is no charge for this service.
Can I get an extension to my payday loan?
Yes, you can
extend part or all of your payday loan, simply by paying a fee.