Rates from 39.9% APR to 1721% APR - Please see representative APR example below - Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk

Pay Day Alternative

19-11-07 10:26

What is a payday loan?

A payday loan is the term given to a type of credit that a person may take out with the intention that it will be paid back to the lender on their next payday. Payday loans usually come with a higher repayment interest than a regular short term loan.

What is a payday loan used for?

Payday loans are usually taken out to cover someone financially until their next payday. There could be a number of reasons for needing a payday loan, but the most prevalent is so that a person can cover an emergency cost that they wouldn’t have otherwise been able to afford with their remaining monthly budget. An emergency cost could be anything from having to repair a broken-down car to replacing a washing machine.

How do Tangerine loans differ to payday loans?

At Tangerine, we can offer you an alternative to a payday loan. We connect people to loans that range from 3 months, up to 36 months. You just need to decide on what time period enables you to comfortably pay back your loan.

How do I apply for a loan with Tangerine?

Applying for a loan with Tangerine has been made simple so that we are able to quickly provide you with a decision. By clicking the ‘Apply Now’ button, you will be redirected to our application form. Here, you will be asked to provide a few personal details, the loan amount you require, the time period in which you are looking to borrow for and the reason for your loan. After you have submitted your loan application, we will put you in touch with a lender who agrees in principal to offer you a loan. Our service is completely free of charge!

When applying for a loan, lenders may look at your credit score as part of the application process. It is recommended that you check your credit report and score prior to making an application for credit so that you can make sure that what is on there is accurate. You can use our FREE* credit reporting tool Credit Knowledge today to check your score! Please note that we offer a free 14 day trial* - after which you will be charged 19.99 per month.

Am I eligible to apply for a loan with Tangerine?

To apply for a loan with Tangerine, you will need to be a current UK resident with an active UK bank account, over the age of 18, earning £800 per month or above, and be employed. 

Before applying for any type of credit, you should make sure that you are able to afford to pay it back to avoid causing serious money problems.

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Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.

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As a fully authorised and regulated credit broker we connect customers with reputable lenders, brokers and alternative consumer credit providers from our network to offer you a range of loan and credit products in exchange for a commission. We will not charge you a fee for using our service. 

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Consumer Advisory: this site is a loan matching service and there is no guarantee you will be accepted by a lender or that you will be offered terms that are suitable for your individual financial needs. Please note that the lender or broker we direct you to may not offer the cheapest loan compared to the open market. This site will submit the information provided to lenders and brokers in our network based on the information that you have provided.  Following loan approval, if the lender requires further information from you this may be collected after we have transferred you to their website, or they may contact you via phone, email or SMS. 

• Short term loans are expensive and should only be used for short term borrowing, and not as a long-term solution.   

• If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay. 

• If you choose to secure a finance option against your home, your home may be repossessed if you do not maintain your repayments. Think carefully before securing other debts against your home.

Make sure you understand the costs before you apply. Please only apply for a loan if you're sure that you can repay it in full on your due date and still manage your other outgoings.  Missing repayments may have a negative effect on your credit rating and make it more difficult for you to obtain credit in the future.

Please note that not all applicants will qualify for a loan, and MediaBlanket Ltd simply provides a FREE loan matching service and does not engage in any direct consumer lending.  Not all lending partners offer loans up to the highest amount offered on this site, and not all applicants will be approved for their requested loan amount. Some lenders will only consider applicants who are UK homeowners.

UK residents and over 18's only. All finance is subject to creditworthiness and affordability checks in line with responsible lending, and some lenders you may be matched with may run a credit check from a credit reference agency. As part of the application process, you are agreeing that in order to assess your eligibility for the product you are applying for, that lenders will carry out a soft search on your credit file.  A soft search is only visible to you and does not affect your credit rating. If you choose to progress your application with a loan product, the lender may carry out a hard search.  This hard search will be visible on your credit file to you and other providers and can negatively impact your credit score. 

Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.

The quote and APR you receive will be tailored to your specific circumstances.  Loan terms, conditions, policies, and repayment terms vary by lender and if you are presented with a loan offer, it is important that you familiarise yourself with these terms prior to proceeding.  Lenders may use collection services for non-payment of loans.

*Most loans can be paid into your bank account the same day following approval; however, the time required to process and transfer the loan varies by lender and not all lenders are able to pay out the same day. 

If we are unable to find you a lender to approve your loan application, we may transfer you to an alternative provider or service, which may incur a fee if you choose to use it. We do not endorse any particular product or service, and any information provided on our communications or websites serve as opinion only.  

 

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