What is a Payday Loan?
Payday loans refer to borrowing a few hundred pounds, receiving the money upfront and repaying the full amount on your next payday, usually the last Friday of the month. This can give the borrower an important injection of cash to help pay for any pressing bills and emergencies.
However, the pressure to repay the loan in full on your next payday can add a lot of unwanted financial stress, repeat borrowing and a dangerous spiral of debt.
As payday lenders continue to come under fire by regulators and the media, more and more people are seeking payday loans alternatives and Fund Ourselves is delighted offer a viable alternative to its customers.
How is Fund Ourselves Different?
Fund Ourselves offers short term loans
from £100 to £1500 and you can choose to repay over 4 to 6 months.
Putting our customers first is at the heart of what we do. Not only are our rates lower than traditional payday loans, we offer no upfront fees, no late fees and a 12-month loan extension if need be.
We also offer free early repayment, so if you find that you are in a financial position to repay your loan early, you can do so, and you will not be charged any additional interest. In fact, you may save money overall, since your loan is accruing less interest.
Our model is powered by intelligent peer to peer lending
– where the loans are funded by other people who are looking to invest and earn a return. This means that we can offer more flexible loan terms and those with better credit histories can be rewarded with lower rates.
You can apply online 24 hours a day, 7 days a week by desktop, mobile or tablet. Our application takes less than 15 minutes to be completed and you will receive an instant decision on the screen letting you know if you have been successful or not. We will carry out a few internal checks and if successful, your loan will usually be funded on the same day of applying.
We are a direct lender meaning that the entire loan process is managed by the Fund Ourselves team from start-to-finish. Whether it is the application, the checks, the funding and repayments – it is all carried out by our team. You have peace of mind knowing that your information will not be passed onto any other companies and there are no other middlemen or hidden fees involved. Simple.