MR LENDER REVIEW
Mr Lender is a UK company that provides payday loans in the UK market.
Their interest is fixed at 30%, which translates into £30 per every £100 borrowed. They also charge an admin fee of £7 meaning that the overall cost of a £100-loan is £137. Compared to other UK payday lenders, Mr Lender is among the most expensive ones.
Mr Lender supplies loans that range between £10 and £750. The maximum loan they supply to new customers is £500. While there are companies that can lend you £1000 and beyond, there are not many lenders who supply microloans below £50.
They have an online application form which is completely secure.
They offer same day transfer that is free of charge on the condition that they receive the signed loan agreement no later than 5:00pm from Monday to Friday.
Mr Lender does not credit check its customers.
Mr Lender has a paperless application process as they do not require any documents to be faxed in or mailed to them.
The qualification requirements include being employed full-time and receiving a regular salary. Mr Lender does not seem to have set a minimum acceptable monthly income requirement.
Repayment is done via debit card only as Mr Lender does not accept direct debit or any other repayment form.
