Swift Money - FAQ (Frequently Asked Questions)
Below we have displayed our most popular frequently asked questions. If you require any further information please feel free to Contact Us. We are always happy to hear from you.
Answers
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How long does it take to apply?
The whole application process from start to finish will take approximately 5 minutes. Please make sure that you have your bank details and debit card details to hand. This will help to speed up the application process.
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What are the requirements?
You may qualify to use our service if you are a UK resident with a regular income, aged 18 or over and have a bank account with a valid debit card.
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What is the maximum amount that I can borrow?
Our short term loans range from a minimum of £50 to a maximum of £3500.
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Can I apply for a loan even if I have bad credit?
The short answer is yes. The majority of our lenders will base their decision on the credit history of the applicant but also take into account their present financial status. Most lenders reach their decision on the basis of whether you can afford to pay the loan back within the necessary time frame. This is completely dependent on the details provided during the application process and of course a credit check.
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How long will it take to receive the money?
Once your loan has been approved, some lenders can deposit the funds into your account within 15 minutes (terms apply), although the process can take up to 3 business days, which is completely dependent on your bank.
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How is the money deposited?
The funds will be deposited directly into your bank account. To ensure that there are no delays, please double check the details before submitting your application.
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What if I am not able to pay back the loan on time?
Circumstances are forever changing and we realise that. If your problems persist, you will just need to get in touch with the lender that approved your loan and explain your situation. Please do not avoid getting in touch, lenders will always be able to provide a solution.
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What is auto decisioning?
Auto Decisioning allows lenders to make a decision on your loan application without the need for human interaction, for more information please contact your lender or see their privacy policy.
Representative
Exapmle
Borrow £250 For 30 Days
| Total repayment: | £310.00 |
|---|---|
| Interest rate p.a: | 292.25%(fixed) |
| Interest payable: | £60.00 |
Representative 815.74% APR (variable)
