PayPony has Simplified Payday Loans and Short Term Loans

Payday loans are relatively easy to get when you compare the long drawn approval process of short term loans from banks and financial institutions. However, there can be complexities depending on how you apply for payday loans and the procedures followed by specific lenders. PayPony has simplified the entire process of applying for short term loans, receiving and comparing quotes, subsequently choosing a particular proposition and getting approved. Here is how PayPony is helping people all over the United Kingdom to get payday loans.

• The aggregator website has a vast network of lenders all around the country. You can find a local lender. You can also choose a lender with a nationwide presence. The choice is entirely yours but you must also factor in the criteria and the loan amount. Not every lender offers over a thousand pounds. Even in this context, PayPony simplifies the quest as there are many lenders that offer up to five thousand pounds. Payday loans worth a few hundred are quite easy to secure. It is not so easy to get over a thousand pounds.

• Receiving and comparing quotes has become unprecedentedly simpler with the extensive details at your disposal, partly ensured by PayPony. Take the rate of interest as an example. You will know if a lender is offering a variable rate of interest or a fixed one. It is not uncommon for some lenders to be ambiguous about this. PayPony ensures it has only trusted and reputed lenders in its network. So every quote you get is not from some random lender but one that will ensure your privacy and deal with fairness.

• PayPony is upfront with the criteria. You have to fill up a form that includes information pertaining to employment and income. There are aggregator websites that will simply take your name and contact information to source quotes. You will have to choose a loan amount but employment or income details are not asked for upfront. This is problematic because lenders will want to know. It is futile to get quotes when later one learns that their employment or income does not make them eligible for a chosen lender.

• PayPony does not charge any service fee or commission. The entire loan amount you apply for is disbursed by a lender, unless they charge a processing fee. It is obvious for anyone borrowing money to avoid lenders that have a substantial processing fee.