Need some financial support until payday arrives? If you run into unexpected costs in the middle of the month, we could provide you with a much-needed buffa to see you through until your next payday.
Payday Loans From £100 - £1,000
A payday loan is typically a short term loan which the borrower takes out to cover their finances until their next payday comes around. At buffa, we offer highly flexible payday loans to support you in the short term. You can choose to pay back your loan on your pay day, or at intervals over three to six months.
This makes our loans an attractive option to our customers, as they offer the speed and simplicity of a payday loan with the added benefit of flexible repayments over a period of time which may better suit some of our customers. You can learn more about the repayment process and how our loans work here.
Payday loans are ideal if you run into a tight-spot during the month and find yourself unable to cover their outgoings, or if an unexpected bill or cost appears mid-month which you’re unable to cover until payday.
How Payday Loans Work
Payday Loans FAQs
Below are all the answers to our frequently asked questions about Payday Loans . If you can’t find the answer you’re looking for, feel free to contact us today and one of our friendly UK team will be happy to help.
Payday loans are unsecured, which means the lender relies on the borrower to pay back the loan, with no requirement of a security (such as a house for example) being used to pay back the cost of the loan to the lender if the borrower cannot afford to keep up with their repayments.
Payday loans, as with any type of loan or credit agreement, will be recorded on your credit file. They can have a positive effect on your credit rating if you make regular and on-time payments against the cost of your loan and ultimately repay the whole of the loan on time. Equally, they can have a negative effect on your credit history if you do not make payments on time. Any missed payments will both be recorded and be available to view on your credit file in the future for other potential credit providers. At buffa, we always ensure that we carefully consider all loan applications to ensure we only approve applications which we believe our customers can afford to repay on time and in full.
Yes. In order to apply for a buffa Payday loan, we will require information from you, which includes details of your Debit Card so that we can arrange for regular repayments to be scheduled. Once your loan is approved and you have received funds from us you can choose to make repayments via other methods and these include loan repayments via Credit Card, Bank Transfer and Debit Card.
Our Payday loans have flexible repayment options, so you can decide over how long you wish to borrow from us (from three to six months) and we will tell you exactly how much you need to repay each month. We offer the flexibility for you to make partial of full early repayments against your loan with us, giving you the ability to manage your loan in the way that best suits your finances from month to month.
Payday loans could cause issues when applying for a mortgage if they have been taken out at regular intervals and over a sustained period of time, and also if repayments have been missed. This could indicate to lenders that the borrower cannot afford to meet their current financial commitments, which is a concern for mortgage providers. However, if you take out payday loans on an infrequent basis and make the repayments in full and on time, this could have a positive effect on your overall credit score and is unlikely to negatively impact your ability to be approved for a mortgage. You must remember each lender including mortgage companies will assess your credit history using their own lending criteria.
Why Choose buffa?
Loan Decision Instantly
We won’t leave you waiting to find out whether you qualify for a loan from us. Get an instant indicative decision to advise whether we accept, reject or need to conduct further checks relating to your application.
No Impact on your Credit Score
Complete your buffa loan application safe in the knowledge that it will not impact your credit score. We’ll give you an initial decision with absolutely no obligation on your part.
Transparency with No Hidden Fees
We pride ourselves on being upfront and honest about our loans, so you’ll know exactly what you’re expected to pay back and by when before you agree to take the loan. When we say no fees, we mean it. No late repayment fees, no loan arrangement fees and no hidden charges. Ever.
Flexible Repayment Options
Because our loans are fully flexible and designed to suit your individual circumstances, you can repay at any time. So, if you want to make early repayments or overpayments against your loan to make savings on the overall interest charges, that’s just fine. Or if you prefer the certainty of knowing how much you need to repay each time, on a fixed repayment date each month, that’s just fine too. It’s your loan so you can repay your way.
Bad or Impaired Credit Considered
We strongly believe that nobody should be held back from leading their life by a bad or impaired credit history. We will consider all loan applications on their own merits and will always do our best to provide you with a loan, regardless of your credit history.
Money Paid in Minutes
Need your loan in a hurry? Once approved, money will be in your account within a matter of minutes. No delays, just quick and simple access to your money.