Below, we have given a list of all the questions that are asked by our customers and we have tried to answer all the questions that can bother our customers. It is important to note that we will never use the phone number of customers to contact them, unless they have especially asked us to do so. We warn our customers to be aware of the scammers and do not respond to the phone calls that require some fees on our behalf; we provide our services free of cost and do not charge any fees from our customers.

How can you apply for Loan?

All you have to do is decide a specific amount for loan and fill an online form for that, the rest is up to us. We will submit your application to our lenders and if one of them accepts your application, we will notify you and send you an online loan agreement. Some lenders ask for verification of certain details like employer or monthly salary of the candidate, but you can submit these details online. If you agree with the lender’s offer, the amount will be transferred into your bank. And after getting the payments, you will have to repay the interest and loan.

What is the minimum amount of loan?

Normally, the amount of loan depends of the requirement of customers but lenders can make some changes in it. Normally, we offer loans within the range of £100 to £50,000.

Are there any restrictions for the usage of loan?

Generally, we do not restrict our customers for the usage of loans but the purpose behind Pride Loans UK is to help the customers in emergencies, so we urge our customers to not use it for non-serious purposes.

How long do you need to wait to receive the money?

The money is immediately transferred in the account after acceptance of application but a few lenders can ask for extra charges for this facility. Most of the loans are paid into the account of customers on the same day, without any additional charges. But the bank policies and processes can cause a delay in transfer of cash in the bank account of customer.

What types of candidates are eligible for loan?

Candidate over 18 years of age, with a monthly income of £750 are eligible for the loan. Customers must have a bank account and a valid debit card; must be UK citizens and prove their identity to lenders.

Can you apply for multiple loans?

We do not recommend our customers to apply for more than one loan because lenders will demand them to pay their existing loans before applying or approval of their next loan. We recommend our customers to apply for the amount of loan that they can afford to pay on the pay date to avoid further charges and effect on their credit ratings.

What are the assessment techniques that we prefer, credit scoring or credit reference agencies?

Lenders have different ways of assessing the application of customers. They can check the credit references or contact agencies for prevention of fraud. Lenders analyze the financial capacity of customers for repayment of loans before making a final decision about their application.

Why APR range is offered at a wide scale?

We are associated with several lenders to fulfill the requirements and serve different types of customers. This is why we have a wide range of APRs, prime lenders of our teams are offering very low APRs from 9.3% APR, whereas, other lender are offering very short periods for loans to customers with poor credit ratings.

When should you repay the loan?

Repayment of loan depends on the type of products that the customer has applied for and terms and condition also vary in this regard. We will provide the complete details of payment on the agreement, which will include the start of repayment, duration of payments and dates and conditions for repayment.

How can you repay the loan?

The payment is automatically taken from the bank account with the help of debit card detail that the customer has provided. It is essential to have the required amount in your bank account because delay in payment can increase the interest charges.

What is Continuous Payment Authority?

CPA (continuous payment authority) is utilized by some lenders to retrieve the payment. This means that the lender is allowed to withdraw funds from the account of customers. The lender can also make several attempts to withdraw the amount, if the amount is not available in the account of customer. Customers can cancel the CPA by contacting their lender or their banks and request for cancellation.

What is the security of information of customers that they submit while applying for the loan?

We keep the personal information of our customer confidential and keep this information for a specific amount of time, normally until we have resolved their issues and find a lender for them. We store the information of our customer according to the GDPR 2016 and secure the information as per our Privacy Policy.

Can you apply for the loan, if you don’t have a debit card?

Debit card is a requirement of application and customers can not apply for loan without a valid debit card.

What if the customer is having some difficulties in payment?

The customer should analyze his financial capacity and only apply for the amount of loan that he can pay on the agreed pay date. But if the customer is not able to pay the fees on the agreed date then he should speak to his lender right away and discuss the alternative ways or solutions for this problem. If the customer is going through some financial problems then we recommend him to not take any further loans and discuss the payment of previous loan with someone and find a way to repay them to avoid any additional interest charges. Customers can take support and advice from different places like Step Change Debt Charity, Citizens Advice Bureau & The National Debt Helpline.

What is the payment method of Pride Loans UK?

We do not charge any fees for our services. But if the customer accepts the loan offer of one of our lenders then we do take some commission from the lender.