What is a student payday loan?
Student payday loans are loans that have been designed to cater specifically to people in part-time and full-time education. In the past, students were often ignored when it came to short term loans, being seen as too high a risk. However, understanding that students now come in a variety of types, from young to old, and those who work and those who don’t, lenders have introduced a range of payday loans for students in the UK.
At Xav Loans, regardless of your situation and requirements, we are confident that we can help you find the perfect student payday loan for you. Featuring a variety of both short-term and long-term repayment plans, as well as being available in amounts ranging from less than £100 up to £2,500 and more, payday loans for students can now be used for a wide range of purposes.
Easy to apply for, and featuring payouts that can take just minutes, student payday loans are a great way to borrow a small amount of money over a period of your choosing. If you can display that you can meet the repayments, you may be considered for a loan.
Are student payday loans expensive?
When looking for a short-term loan, it is understandable to worry about cost. This is because traditionally, loans such as payday loans for students were often much more expensive than other, longer-term loans. As such, many people simply ignored them as they were often not an affordable option.
As people began requiring loans that offered more flexibility, lenders started to adapt in order to match the needs of applicants. Therefore, in addition to longer repayment periods and varying loan sizes, loans such as payday loans have also become much more affordable. This means that specialist, short term loan such as these are now comparable to more traditional loans.
Can I get a payday loan if I am not a student?
Many direct lenders will offer specific products if you are a student. Typically these will only be available if you are studying. However, if you are not a student, but still looking for a payday loan, we are confident we can help.
There are now a variety of payday loans from which to choose from, each with their own specific benefits and requirements. As such, whether you are looking for a student payday loan, or you are on benefits, there will be a loan out there for you. Available online and featuring simple application processes and instant decisions, these loans are ideal if you are looking to borrow quickly and with the minimum of fuss.