Welcome to Terra Pay Day Loans, a free comparison site for all your money needs. Our website is completely free to use and compare loans.
You are standing at the ATM machine and the screen flashes "insufficient balance". It is almost the end of the month and you need a fast cash advance. You need to quickly borrow a small amount of cash which you can of course pay off with your next salary. You know your salary is coming shortly; but you only have a small dip in your balance right now.
Everyone has had this experience at one point or another. Due to small but unexpected costs near the end of the month there is just not enough money in your account. It is then nice to know that you can get easy credit of a short-term loan till your next paycheck. If you're wondering where you can borrow a small amount of money quickly, our website is the answer.
How to apply in 4 easy steps
The entire process from application to receiving your funds doesn't take more than 30 minutes.
- Requesting a loan is quick and easy, choose the desired amount and the duration. Filling in the form takes a maximum of 5 minutes.
- We offer low annual interest on the mini loans and you don't need a guarantor either. For small unsecured loans we only ask that you can show regular income.
- For security purposes, we ask you to verify your bank account. This can be done very easily and quickly via the verification procedure during the application process.
- Once approved, your money will be deposited in your account within minutes.
Comparing loans: here's how it works
Do you want to know immediately what the costs of borrowing are? Which loan suits you best? You can see that quickly and easily by filling in a few details about your situation. We will match your details with a direct lender who will make you an offer based on your input. You can easily fill out the application on our site and in most cases you can immediately get an answer.
Comparing loans: here's how it works
Do you want to know immediately what the costs of borrowing are? Which loan suits you best? You can see that quickly and easily by filling in a few details about your situation. You will then see an overview of the cheapest lenders. You can easily fill out the application on our site and in most cases you can immediately get an answer.
Types of loans - What's the difference?
We compare two different ways of borrowing money: Personal loans and Unsecured short term micro loans.
Unsecured Short Term Micro Loans:
Short term micro loans are usually for a smaller amount when compared to a Personal loan. The maximum you can borrow is up to £995.00 Another characteristic of this type of loan is that the APR is usually higher. This can range anywhere between 278% to 1576%, depending on the amount you borrow and the length of time you need before paying it back. Another difference between the two is the period over which a loan can be taken. For the Unsecured short term micro loan the repayment period can be anywhere between 3 and upto 12 months.
Personal loans often have a lower APR when compared to the unsecured short term loans. This can range anywhere between from 4.7% to 278% depending on the amount and the period for which the loan is taken. The amount you can borrow is usually higher for this type of loan and can range anywhere from £1,000 up to £25,000. The repayment period for this type of loan is also longer. It can range anywhere between 3 to 36 months.
What if I only need a loan till my next payday?
A Payday loan is a special type of loan where the money can be used for different personal requirements. These should only be applied for when the need for fast cash is very urgent. There are some unique features in a payday loan that make it completely different from a conventional bank loan. For starters, loan availability is quite smaller compared to the average bank loan. Also the application, availability and repayment process are completely online.
Payday Loans are unsecured and the amount you can get is based on your monthly home income. As long as you have not neglected other payday loans, the approval process is very easy. The payment is based on the applicant's pay period. On average, the term for payday loans is approximately two weeks. Online lenders will transfer money to your bank account within 2 hours if your application is successful. They will automatically withdraw the payment on the specified payment date. Both processes work very smoothly.
So if all you need is a small loan until your next paycheck, we are in a unique position to help you get that loan fast and easy. Just hit the button below and we will take you to the application form.