Please see information on Payday loans below.


Payday loans

Payday loans are a relatively new product in Ireland and many people are still concerned as to the integrity of the companies which offer them and what they actually entail. The companies on our website are all reputable and experienced in this field. Payday loans are designed to cover you for cash until your next payday, so the length of the loan is usually between two weeks and one month. Here are some of the main features of payday loans:

  • Easy to Apply for
  • Easy to Qualify
  • Fast way to Borrow
  • All Borrowers Catered for

How Can I Apply for a Payday Loan?

Payday lenders usually have a very simple application process which involves filling out a short online form. Once you have completed the form and sent this to the lender, they usually make a very fast decision as to whether they can give you a loan. This is a great feature for people who don't have a lot of time to waste. Most applications will ask the following questions:

  • Name
  • Date of Birth
  • Contact Details (address, email, telephone)
  • Details of your employment (how often do you receive paycheques)

...and that is all! Once you have received your acceptance, the lender will ask for details of your bank account so that they can transfer the loan to you.

What are the Loan Requirements?

The requirements for a payday loan are usually pretty easy to fulfil. Most lenders will ask that you:

  • Have a job
  • Have been employed for over 3 months
  • Have an active bank account
  • Earn a minimum amount (typically this would be €1,000 per month)
  • Are a full Irish resident with a permanent address

You will notice that there is no mention of your credit history in this list. This is because most payday lenders do not take any notice of a customer's credit report and they will not carry out credit checks either. For this reason, the following types of borrowers can apply:

  • Bad credit history
  • First-time borrowers
  • NSF (non-sufficient charges) charges
  • Negative cash flow
  • General debts/unpaid loans

Some lenders have been known to refuse customers who have NSFs or might have other financial issues, so make sure you check this when you are looking for a Payday loan.

Do Lenders Offer to All Regions?

As long as you live in the Republic of Ireland then our lenders provide you with a loan.

What are the Advantages of Payday Loans?

Payday loans provide one of the easiest ways to borrow money in today's market. Since the financial crisis the banks and large lenders are becoming stricter with loan applications, turning down more borrowers than ever. Pay day lenders are not so exposed as the banks because they only leend out small amounts of money. This also enables them to lend to people whose credit rating may not be good enough for a bank.

Another great advantage to payday loans is that the are so easy to apply for. With easy online application methods, customers are not even required to leave the comfort of their own homes to receive cash into their chequing account quickly.

What are the Disadvantages of Payday Loans?

Payday loans, while offering a simple and easy way to obtain cash until payday, do have one or two factors which are important to think about. For instance, the interest rate on payday loans is often higher than on a normal personal loan offered at the bank. This is to be expected as payday loans are a 'low credit' product – offered to high-risk borrowers. The lender charges higher interest rates to include this higher risk.

For this reason, it is highly recommended that anyone who is considering a payday considers whether they can really afford to take the loan – the repayment back is very quick and if you are unable to manage the repayment then the loan can become quite expensive. If you have already been in debt then perhaps you could consider an another method of raising money.


Please Note: is not authorised to give personal financial advice under the Republic of Ireland’s financial regulations.

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