Loan Advances is one of our favourite UK payday loan companies simply because they keep it so simple.
The charges are 25% no matter the amount so if you borrow £100 you pay back £125 or borrow the maximum £1000 and pay back £1250
Another nice touch is that there are no set up costs, hidden charges etc.
The loan is paid back either at the end of the month or at your next pay day, which ever comes first. This is how payday loans are supposed to be. None of this 3 month repayment plan and the need for a PhD in pure mathematics to work out the interest rates with Loan Advances.
They automatically charge your debit card to the amount owed on the day payment is due.
Another reason we like Loan Advances is because its quick. Once you have filled in the very simple online application form you shouldn’t be waiting more than a few hours for your loan to be deposited into your bank account.
Loan Advances Review in Brief
No credit check
No reference check
Simple application form
Get your money the same day
Simple interest rate system – 25% no matter how much you borrow
Loan repaid automatically on your next pay date.
The Payday Loan Application Process
The process of applying for a payday Loan from LoanAdvances.com is one of the easiest in the loan business. Simply visit their website and click apply and you will be taken to their short application form.
Complete the form with your details, hit the submit button and your application will be processed.
The decision usually takes around 30 seconds which is the fastest in the business. Once you are approved for a cash advance payday loan you will then be sent a confirmation email.
Simply respond to the email to prove it really is your email address and then wait for the funds to be transferred into your bank account. It really doesn’t get any easier than that to get a payday loan deposited into your bank account quickly.
Our Loan Advances Review 
The interest rates, while high, compare favourably with many of the other companies we reviewed. At Wonga for instance a £100 loan for 30 days will cost you £136.72 compared to £125 with Loan Advances. A £400 loan for 30 days with Wonga costs you £125.48 in interest compared to £100 with Loan Advances.
Loan Advances still fall well short of our top rated lender QuickQuid though where each £100 borrowed will cost you as little as £15 per month if you apply through this link.
You can visit the Loan Advances website for more details about their payday loans by clicking here.
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