2339%
£75 - £750
Minimum Term 5 days
Customers can borrow up to £750 - 31 days
Deducted from your debit card
Same day payout £20.00
Can take up to 3-4 working days if you do not want to pay the extra charge
No Fee
None Available
Transferred into your bank account
No
293rd for APR of 423 loans in the UK (See Lender League Table By APR)
132nd for Customer Satisfaction (See Customer Reviews)
Cash Genie offer small, short term loans between £75 - £750 that you pay back on your next payday. Providing there are no problems with your application the money can be transferred directly into your account the same day, however there is a £20 charge for this.
You apply with Cash Genie online. All you need to do is complete their online application form and a preliminary acceptance will be given with 30 seconds of you finishing the application. If you are approved, you will need to give them your bank account and debit card details. You will need to then sign and send a copy of your loan agreement back to them. You may be required to send in any further documentation at this point though they normally do not ask. The funds are then transferred to your account. If you are looking for a same or next day payout, a CHAPs fee may be applicable. It will take 3- 5 working days otherwise.
They only require you to earn £500 per month which is smaller than what other payday lenders may require you to earn. They are one of the more expensive payday lenders available, charging £30 for every £100 you borrow, also, the interest and CHAPS transfer charges increase cost. Maybe a good option if your credit isn't the best but, like most payday lenders we must stress that you make sure you can pay it all back when its due or you will incur some hefty charges. Customer reviews on various forums on the web are generally poor, with many people saying that Cash Genie can be quite hard to get hold of. People have also brought up the fact that they have been having problems with the company taking full payments from them when they aren't supposed to. Even if you have cancelled your card details, they may try to trick you by sending you emails offering you a new loan and they ask you to fill in your new details. We would only advise applying if you know that this is going to be a short term loan as the APR is very high.
|
Default Fees |
Transfer to debt collector - £50.00 |
|
Early Settlement Fees |
No extra fees although you will have to pay the interest you would have in the first place |
|
Other Fees |
Same day transfer fee - £20.00 |
|
Late Payment Fees |
Chargeback for late fee - £25.00 Administration for late fee - £5.00 |
Average Customer Review:
(36 customer reviews)
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Joe, London
1 year ago
well i have taken one, emailed them to roll over... was easy, have not yet paid off loan, as have arranged roll over but will update, but email response was fast and helped me,.. the loan which i asked for was quick to.... so i have no problems as yet.
Fraudulent trading practices - avoid at all costs
Ellie, Cheshire
10 months ago
i had an unfortunate experience with this company - I borrowed £200 but they shortchanged me and said it was £150, anyway I paid in full by the due date and confirmed they had received the payment by phone so the loan was paid in full. Imagine my surprise when I found they took £45 from my account a week later. I complained to the bank that this...
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FRAUD
Danny simpson, Lancaster
1 week ago
I foolishly borrowed 267 quid from this gang of clowns april last year and i had repayed them the full fee on time without missing a single payment. Ive only recently found out some 10 months later, that theyve been continually drawing £87 pound out each consecutive month, plus another £287 this month for good measure!! I would have noticed sooner but im in the armed forces and have been away on deployments for most of the year. I shall be taking them to court if i dont get my money back!
DONT BOTHER UNLESS YOU WANT UN-REASONABLE CHARGES AND A DEBT COLLECTOR
Anon, Staffordshire
3 weeks ago
I recently took a loan out with these, they say that they will accomodate you if you have any problems, my bank got hacked so the payment was missed they were not very understanding, they put loads of charges on if you want to re-arrange the credit over a couple of months, they are like every other lending company they only look after themselves, they charge ridiculous interest and pray on those people that can not obtain credit elsewhere, be warned that if you default they will charge you £50.00 as standard for transferring it to a debt collection agency, this is in their contract with you apprantly. Big con really stay away and manage if you can, they also just take the interest every month which actually incourages people to just keep rolling over the debt, not that resonsible as a lender i would say!!
Well Well Well
Tommy cook, Uk
1 month ago
i have taken out 2 loans with CG. They are a bit of hassle because they make u pay £20 for a fast payment and then they send the money the next day. If u dont pay this fee it can take about 2-3 working days so it is faster in that case, just not as fast as we would like it to be. It can be a headache to get them on the phone but they do answer, also it is very annoying that each time u re-apply for a loan from them they will do a credit check. and when you apply for the loan they will call you and ask if u want fast payment and when u say yes then they say (it will be on its ways shortly *Yawns*), next day comes they're rining me again telling me they're about to transfer the money i was thinking WHAT! didnt we already have this conversation the day before?!?
Cash Genie UK, Dalton House, 60 Windsor Avenue, SW19 2RR
0845 956 9848
0845 017 9961
customersupport@cashgenie.co.uk
Cash Genie Debt Help
http://www.debt-line.org.uk/CashGenie
Terms and Conditions of your loan
http://www.cashgenieloans.co.uk/terms.php
