TxtLoan is a British payday loans business. They are one of the very few who provide loans you can get completely on your phone. For the first loan you get, you need to register with them. But once you’re registered, you can simply send a text message and the funds will be transfered to your bank account. To compare UK payday lenders, visit this site: SMS loans.
In case you are not familiar with payday loans, they are a type of short-term financing for bridging the gap until your next pay day. Of course, it can’t be a solution for your financial situation over the long term. But when you need to cover your expenses today and cannot wait, a payday loan can be a great help.
If you are getting a loan from TxtLoan, then you can only borrow £100, no more, no less. This is one downside of TxtLoan - if you need flexible conditions, you might want to take a look at other lenders as well.
You can expect an APR of 894% on your loan - and this is one of the lowest APRs on the market today. It is typical to see APRs of 1500%, 2000%, and even more with other lenders.
The money is fast to arrive as well, even when the working day is over and their office is closed. So when you find yourself needing cash fast on a weekend, TxtLoan can come to your aid.
For same day transfers, a charge of £5.50 applies. You can expect a repayment amount per every £100 borrowed to be around £110 - in addition to the fee of £5.50.
Conditions are regular - your age must be 18 or more, you must be resident in the UK, and receiving regular wages. Your wages must not be below £400 - this is their minimum. You must also have a bank account which can receive direct debit.
TxtLoan is different from almost all other lenders, though, by asking that you have a mobile phone along with an e-mail address. But these days, that should not be a problem.
The WhichPaydayLender.co.uk Team has brought you this review of Txtloan.
To read more about this lender and others, click here: Review on TxtLoan.
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