NewswireToday - /newswire/ - Bangalore, Karnataka, India, 2010/04/12 - UKOnlinepayday.co.uk has been launched to offer fast, convenient and transparent payday loans. It works with a panel of lenders, so the acceptance rates of loan applications are as high as 99.9%.

The number of payday loans has grown in the UK recently by over 130%. The growing popularity of payday loans are a testimony to the need this form of loan fulfills. In the current ongoing economic recession, when wage increases are modest or none, many employed people find that they are left with little cash or are short of cash towards payday. Unexpected or emergency expenses hit such people hard. Often such people have poor credit history or have no collateral to offer against a loan. Payday loans are a boon when you are short of cash to pay bills, dental emergencies or vehicle repairs. Payday loans are actually much more economical than paying costly overdraft fees to your bank or paying late fees for utility or credit card bills.

ukonlinepayday.co.uk has been launched to offer fast, convenient and transparent payday loans. This service is available for people all over UK, who are employed and have a bank account. UKOnlinepayday.co.uk works with a panel of lenders, so the acceptance rates of loan applications are as high as 99.9%

You can apply online for an instant payday loan by filling out a simple online application form. The system finds you the best lender based on your requirement and information provided in application form. The loan approval system is fast and you will get a call from a lender within couple of hours. You will be informed about the loan details like amount, repayment time and interest; you will be provided login information so that you can check online when your due date for repayment is or if you want to extend the loan duration.

Customer support service on phone and online application system is available 24/7 365 days. So even if you realize you are short of cash on a Saturday, you need not panic: just apply online and if you qualify, your payday loan will be deposited on the next day, even if it is a Sunday or a public holiday.

Existing Customer enjoy added advantages: they can log into website and request for payday loan without any need to fill up an application. They enjoy faster approval and cash advance up to £1500, and lower APR rates if previous loan was repaid on time.

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