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visiting Payday Penguin


Representative APR 1212% (variable)
Representative Example: Amount of credit: £200 borrowed for 35 days. Interest: £56.00. Interest rate: 292% pa. (fixed).
Representative APR: 1212%. Total amount payable: £256.00
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

The Questions You want Answered

How much can I borrow?

We can help with loan amounts of £100 - £1000. However the exact loan amount you are able to borrow will depend on your own individual credit score and the criteria of your chosen lender. Once our system has matched you with a lender you will be able to see the full details of the Payday Penguin.

How quickly can I get the Payday Penguin?

Some of our lenders can pay out your loan as quickly as 15 minutes. Others take a day or 2. It really depends on your own situation. Some lenders may ask you for a copy of a pay slip before approving your loan, so as soon as you get it back you can get your payout. On average customers receive a loan within 1 hour.

What is a payday loan?

A Payday loan is a short-term loan designed to be paid back when you next get paid. It should be used as short-term cash only and it not suitable as a longer term solution. If you will not be able to repay in full on your next payday they you should find a longer-term solution.

Please note: we are not a lender and do not make short term loan or credit decisions - we are a broker working a select group of lenders to find you a short term loan meaning that with one quick simple application you reach numerous lenders and find the best loan rate possible requiring only one credit check we will NOT charge you a fee for using this service. The completion of the application form does not guarantee approval of a loan. The short term loan amount will vary depending on the lender who accepts the application within our database. £1000 may not be available to every customer. The time taken to transfer a cash advance loan may vary.

We may receive a percentage of the loan as commission from a loan provider if you take out one of their products and/or we may receive a fee for introducing you to them.

You can request details of these commissions or fees, by emailing us at customers@eplwebsolutions.co.uk. We will then provide you with the precise amount of the commission or fee or, where that amount is not known, the likely amount.

Collections Process

In the instance that you are unable to make a payment at all, please contact your lender as soon as possible. If you should ignore the issue then the lender will endeavour to contact you by phone or letter to resolve the situation and, where this fails, they will reserve their right to pass your details onto a third party who will attempt to recover the debt. You will find that the overall amount of your loan will increase because you will be charged for non-payment. For more information about your lender’s processes and policies regarding non-payment, please refer to the terms and conditions included within your loan agreement.

Implications of Non-Payment

Payday Penguin we suggest that you always make your loan re-payments on time in order to avoid being charged any fees or extra interest. However, we do understand that sometimes your circumstances will change and, if this is the case, we highly recommend that you contact your lender as soon as possible. If you do not let them know and you end up missing a payment, they will reserve the right to attempt to contact you by letter and phone and you may also find that your credit report is influenced as a result. For more information about your lender’s processes and policies regarding non-payment, please refer to the terms and conditions included within your loan agreement.

Late Payment

its is important that you communicate this to your lender. Most lenders are flexible and will work with you to overcome any difficulties that you may have.
Taking longer to make a repayment may result in the loan extending beyond the original repayment date, in this situation the lender reserves the right to add additional interest to your loan. Your lender will clarify this with you when you contact them.
The lender reserves the right to mark late payments on your credit record, being late once or twice probably won't affect your credit score too much. However repeated late payments or missing payments may prevent you from being approved for any future finance you may desire.

Can I renew or extend my loan?

Most lenders are happy to renew a loan upon completion of your current loan as long as your account was kept up to date and repayments made on time. Some lenders will allow you to borrow more the second time, if you choose to take out more money please ensure that you have the means to make the repayments.
In case of difficulties you may be able to extend your loan over a greater period of time. It's important that you talk to your lender at the earliest possible time so that they can work with you and help you overcome whatever issues you may have.