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Cash Advance

cash advance

Pixie Loans has been working in the loan industry as an FCA registered broker for a number of years.  Throughout this time, we have successfully brought together lenders and borrowers in finding suitable cash advance loans.

If you’re interested in borrowing a loan for either home improvements or a holiday, we are the ones who can help you with getting the cash advance loan.

What is a cash advance loan?

Sometimes when you run short of money in an emergency, a quick loan is what can help you. But what do you need? A cash advance loan is all that you need here!

A cash advance can be either a payday loan or unsecured loan, that you apply to borrow on an urgent basis. It may incur higher cash advance rates because the loan is processed as a priority. We at Pixie Loans promise to find you the best rate, based on what you borrow and the repayment period.

Pixie Loans has a long list of lenders and helped thousands of customers, since we started helping people find loans.  Each month, the total amount we are being asked to find loans for is £11 million. That is a lot of individuals, trusting us to match them with a lender who’ll consider their application.

Representative 546.1% APR. Representative example: £200 repaid over 3 monthly instalments of £134.76. Total charge for credit £404.27. Interest £204.27. Interest rate 546.1% (fixed)

What rates do the lenders offer?

cash advance rates

The average cash advance rate applied on quick loans in the UK, depends on how much you want to borrow. Moreover, the rate varies from lender to lender. Some lenders will charge less on bigger loans, whereas smaller loans, such as payday loans, may have a higher APR rate.

Once your loan is approved, your lender will show you the APR and repayments before you sign the agreement. The APR rates are the annual interest that you need to pay on your loan amount.

Pixie Loans has an average fixed percentage RAPR of 546.1%, with our lenders APR starting less than 49.9% and going up to 1575%. It is important to know the APR rates, and cash advance rates, before you agree to the loan offered by the lender? 

Yes, it is!

Lenders will run a background check on the application, which may include your credit score, social media score or open banking information, and calculate the cash advance rates. They will only offer you the loan at the APR they show if you can afford the repayments. 

If you are not sure what your repayment will be on a loan, try our LOAN CALCULATOR.

Can I get a cash advance loan with a bad credit history?

For any loan amount, lenders will always look at your credit history; in some cases if your loan amount is over £1,000 they may ask you for a guarantor for the loan.  This can be anyone, your family, friend or employer.

Before you apply for a loan, always check that you can afford the repayments.  Anyone, including those with a poor credit score, should calculate cash advance rates beforehand and find out if you can afford to repay the loan.

We also recommend that you check your identity is safe, as this can affect your credit score.  This can be done through a FREE account with Notty, using their FraudWeb service. Let Pixie Loans guide you through the way so that attaining a loan is more of a help than a burden for you!

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