Pounds to Pocket
Pounds to Pocket are a payday lender who offer payday loans with a repayment term from 6 to 12 months. Pounds to Pocket can loan up to £2000 cash into your bank account. They claim to fund within 10minutes after loan application approval, which is a very fast funding time compared to other payday loan lenders in the UK Market.
Representative Example.If you borrow £550, you will have to pay back £98.54 per month for 12 months at a fixed interest rate of 172% per year.1The total charge for credit is £632.50 (all interest). The Total Repayable is £1182.50. 399%APR Representative.This is equivalent to 14% interest per month, which is half of what other payday loan lenders charge. However, it is not a 30 day, till your payday loan. Pounds to Pocket tend to loan from the minimum loan term of 6 months. This means, there are 6 repayment periods, normally at the end of the calender month or on your payday date on a monthly basis for the loan term.
Funding times and process.The funding times are only sent the same day if your loan is approved by 2:30pm. The faster payment option holds an additional fee of £15. You bank must be equipped with the faster payments service in order to get the fast payment option to work as it should do, within 5 to 4 hours from submission. To check if you bank uses the faster payments service, use this bank sort code checker.http://www.paymentscouncil.org.uk/resources_and_publications/sort_code_checker/OR
Bank sort code check – faster payments check
Pounds to Pocket Contact and Trading information.Pounds to Pocket is the trading name of
- ENVUK1, Ltd
- LLC is a limited liability company incorporated in the United States.