Payday Loan

Our pay day loan service is a way for people with a cheque book and cheque guarantee card to raise cash quickly to bridge a gap until payday. A pay day loan is a good short term solution.

A payday loan helps solve your temporary cash flow problems, avoiding overdraft penalties, unpaid bill charges and credit card charges.

No credit check is needed; Our pay day loan service is confidential and quick. When you're strapped for cash and need a fast solution, Maxcroft Securities can help. Our payday loan rates cannot be beaten! Compare our payday loan rates and see for yourself!

How much can I borrow?

Between £50 and £700. We set you a credit limit depending on your net pay.

How much does it cost

You repay £100 for every £90 that you borrow. There are no other fees.

Typical example:

Loan £90
Interest £10
Total repayable £100
Term 1 month
APR 295.3

By comparison to high bank charges for an unauthorized overdraft, a payday loan will probably cost far less

We feel confident that our payday loan rates are better than most. It really is worth shopping around.

How does it work?

An example would be as follows:

You give us 7 cheques each of £100
We give you £630 in cash
1 month later we pay your cheques into the bank totaling £700 and the loan is finished.

Payday Loans are signed at our offices in Ilford Essex. (Unfortunately, we do not offer an online or distance service) People in the London and Essex area will find it relatively easy to reach us.

Can I get an extension on my advance?

Yes you can extend all or part of your payday loan until the following month simply by paying interest only on the original payday advance or part of it. This can also be done over the telephone at no extra charge. So for example, if the advance is £100, we will further delay presentation of your cheque for another month if you pay £10

Whilst endeavouring to give maximum flexibility, we don’t recommend that you keep extending your payday loan. It is important to try and pay back as much of the loan as possible at all times.

A Pay day loan is not meant to be a long term solution. For longer term financial needs, a different loan facility may be more appropriate.

What do I need to get a pay day advance?

You must have a regular income and an active bank account with cheque book and cheque guarantee card. And of course we do need proof of ID and home address.

Responsible Lending

We are committed to responsible lending. We will not lend you money that we do not believe you can pay back. That is why we will ask for evidence of your income.

If you feel that you have long term financial difficulties, you would be well advised to contact a non profit making debt advisory service such as The Consumer Credit Counselling service (www.cccs.co.uk) for help rather than getting more deeply into debt.

If you would like to discuss any aspect of this Payday loan service, please feel free to ring us to discuss on
0800 698 1828 or email: enquiries@maxcroft.co.uk