1849%
£100 - £500
Minimum Term 2 days
New and existing customers can borrow up to £500
Deducted from your debit card
Approved before 3:30pm on a weekday - 2 hours
Approved after 3:30pm - following working day
£4.95
None Available
Transferred into your bank account
No
287th for APR of 423 loans in the UK (See Lender League Table By APR)
129th for Customer Satisfaction (See Customer Reviews)
Speed-e-loans are a payday lender that specialise in short-term small value loans. Their fees generally work out as £30 per £100 borrowed, which puts Speed-e-loans in the middle of the market in regards to charges.
The application process is completely online, but it is simple and very clear. It takes only a couple of minutes to complete their application form. When you have completed the first bit, they will text you with a PIN number which you must enter to access and sign your electronic Loan Agreement. They will review your application and once you have signed the loan agreement, they will let you know their final decision. They will then transfer the money into your account which will take between 2 hours and 24 hours.
Speed-e-loans were only set up in 2009 so there are a limited number of reviews, however their charges make this a popular choice within the payday market, instead of offering a set APR for a month, they charge 1% a day, this means if you pay it off within 25 days it can work out a lot cheaper than others on offer. They also offer customers the ability to defer the payment of the loan for up to 3 months in a row if you are struggling, bear in mind that you do still have to pay the interest on the first month, this makes the loan more expensive. Only take this loan out if it is a last resort and you are sure you can make the repayment on the date agreed.
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Other Fees |
Cancelled Automated Payment Instruction - £20.00 Transfer Fee - £4.95 Payment Arrangement Fee - £5.00 |
|
Late Payment Fees |
Failed automatic contractual collection - £9.95 |
|
Arrangement Fee |
£4.95 |
Average Customer Review:
(30 customer reviews)
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speed e loans
Gopher, Wakefield
2 months ago
used these a couple of times and up to now no problems,have used a few different companies over time and there are far worse ones out there. payday loans are ok as long you watch what your doing as they can be expensive.
Absolute con!!!!
Kt, Bournemouth
3 months ago
I couldn't afford to pay them back in full, so I set up a payment arrangement, reluctantly giving them my card details, instead of taking £30, they wiped my bank account clear. I'm in more debt now than ever, don't touch them!!
Customer loyalty!!
Sharon, Edinburgh
1 week ago
I have used this company on and off for over a year and a half now. I always pay when due and they never have to contact me regarding payments etc. Now I know that they do not have to lend money to anyone but as a customer "valued" in their opinion, i was refused. When emailed to ask why (nothing had changed since my last loan) got absolutely no response. Several emails from me later and they replied they were not lending and there was a problem with their system? OK said I, applied again and got refused. Again emailed to ask why and to date, have had absolutely no response.......will never use them again!
Speed e loans
Gina, Norfolk
1 week ago
This company is fraud... I applied for a loan which i rung them to roll over for one week and the person i spoken to agreed to pay 32 pounds and deducted from card and when i checked my card he deducted another 292 which i did not authorize but when i rung them why they took the money which i told them i used for emergency and told me to re apply again anf guess what they do!!!! I am not successful this time ... They rub you this company !!!!! They dont help ...
RIP OFF
Lucie arnold, Lancashire
1 month ago
THIS COMPANY IS A JOKE - HOW CAN THESE PEOPLE LIVE WITH THEMSELVES! FINE YES THEY LEND YOU MONEY...... BUT THE INTEREST (WHICH IS NOT AT ALL CLEAR) IS RIDICULOUS! I WILL NEVER USE THIS COMPANY OR ANY OTHER ASSOCIATED WITH THIS COMPANY I WILL NOT RECOMMEND THIS COMPANY TO MY WORST ENEMY. ROBBERS/SCAMMERS
507 Centennial Avenue, Elstree, Hertfordshire, WD6 3FG
0844 879 3199
customercare@speed-e-loans.com
Terms and Conditions of your loan
http://www.speed-e-loans.com/speed-e-loans-...
