ePayday Reviews, Loan Calculator and Complaints

(48 customer reviews)

Average Customer Rating

Is this you?

Acceptance Criteria

You may not need to provide any documents, they will inform you when they receive your application
You need to be in permanent employment and cannot be self-employed
You must be 18 years of age or older to apply

You need to have a job where your salary is paid into your current account
You do not need to have been a UK resident for any specified length of time
You need to have a debit card and a chequebook for your current account

Loan Details

Representative APR

791%

Loan Amount

£200 - £500

Repayment Period

Minimum Term 6 days

New customers up to £400 - 36 days

Existing customers up to £500 - 36 days

Repayment Method

Deducted from your debit card

Speed To Payout

Before 5pm - same day

After 5pm - next business day transfer

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Transferred into your bank account

Income Protection Available

No

Average Customer Review

(48 customer reviews)

Loanfinder Ranking

278th for APR of 423 loans in the UK (See Lender League Table By APR)
140th for Customer Satisfaction (See Customer Reviews)

About ePayday

ePayday offer loans from £200 - £500, which you are expected to pay back on your next payday. Alternatively, you can choose to make a minimum payment if you are going to struggle to pay the whole loan off. This reduced payment will comprise of the interest from that month and a little bit off your balance. You can continue to make these kind of payments and clear the loan in 6 months. It's worth pointing out that this company has one of the lowest APR rates for all payday lenders in the UK, it works out that you pay £20 for every £100 borrowed.

You can apply online or over the phone with ePayday.If you apply online, you need to complete their online application form. Once you've completed the form, they will contact you regarding the loan. They may then ask you you to fax/email a copy of your debit card (front and back). They will then send you an email with an attached credit agreement you need to sign and return. Once they have the signed credit agreement , the money will go into your account that same day.

One of the cheapest payday loans and quite flexible as you can roll over your loan, as long as you make the minimum monthly payments. The downside to this is that you will be paying them more money in the long run as you will be paying more interest over the course of the loan. It may take longer to apply because you will have to send them documents. We recommend faxing or emailing the documents to speed the process up. ePayday do not charge early redemption fees though you will need to cover the interest incurred. This payday lender is extremely difficult to get hold of and they make threatening calls if you do not pay on time. This company is notoriously known for not being very good, so have a shop around to see if you can find a lender better suited for you.