Payday Donkey Review

Payday Donkey ReviewPayday Donkey appears to have pretty good rates, but is it the best option out there for you? We try to break it down.

There are times that you may fall short of budget due to unexpected circumstances. It could be that your car broke down or your electric bill is higher than expected and you don’t have extra cash to pay for these expenses. Regular loans may not be your best option if you need instant cash since processing of these types of loans often takes time and application may even be declined.

A payday loan is a good option for emergency cases as processing is usually fast and you are almost assured that your loan will be approved as long as you meet the requirements set by lenders. Payday Donkey is one of the sites that you can check out in case you wish to apply for payday loan.

Payday Donkey Review What the Company Can Do for You

Payday Donkey is a trusted payday loan site in the UK. When you visit their homepage, you will see a loan calculator that would tell you how much you would expect to pay for a specific amount borrowed. You can move the slider to adjust the amount and the calculator will tell you the interest and fees that you need to pay, as well as the total payment. This is convenient, as you will have an idea on how much you will be charged so you can decide properly on the amount to borrow.

There is an online form that you need to complete in order to apply for a payday loan. You will be asked for your personal information, contact details, employment details and bank details. Make sure to read their terms and conditions, as well as their privacy policy before sending the application. Check the appropriate box under step 5 of the application if you read and accept their terms. If you wish to receive updates from the site, you may check the second box. If not, remove the checkmark to stop receiving updates on your e-mail. Approval of application only takes a few minutes. The contract will then be sent to you and if you agree, you can sign it and you should receive the money within 24 hours.

Payday Loan Rates
Payday Donkey has partnered with several payday loan providers. Their rates and terms may vary from each other. But this will all be discussed to you so you can decide if you wish to proceed with the contract or not. However, lenders can usually lend up to £1,000 depending on various factors including your monthly salary. Most of the lenders charge £25 for every £100 borrowed. There are no hidden charges so you can be sure that that is the only amount that you will pay on your next payout.

Amount Borrowed Payment

£100 £125
£200 £250
£300 £375
£400 £500
£500 £625
£600 £750
£750 £937.50

More Information Provided
It is important for a site to have an FAQ page for new clients. It is common that new clients have various questions concerning the site and the service offered. Payday Donkey has the basic queries covered through its FAQ page. This page contains information that will let you understand payday loan better including the amount that you can borrow, application process and the repayment. If you have more questions, you may contact them through snail mail or e-mail. When you click on the contact page of the site, there is a message saying that you can always contact them for your queries and that their customer support is available 9am until 5pm Monday to Friday.

However, you will not see any contact details on the page nor an online inquiry form. However, their e-mail address and office address are posted on the Privacy Policy page of the site. You may send an email to enquiries@newwisdom.co.uk or mail them at New Wisdom Solutions Ltd, Dalton House, 60 Windsor Avenue, London, SW19 2RR.

The Pros and Cons Involved
One of the best things about Payday Donkey is that it doesn’t have hidden charges. Its payday loan calculator and rate information will tell you immediately the total cost that you will incur so you would know how much will be deducted on your payout. The process is fast and simple and you can have the cash you need in the soonest possible time if approved by one of its many lenders. There is only one minor thing that the site can improve on and that is the contact page. The contact details should be posted there.

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