Payday loans for first time customers

If you are a first time customer and on the hunt for your first payday loan, the wide range of loan providers can seem overwhelming, especially with the variation in repayment terms and interest rates.

Because of the higher than normal interest rates, it's important to understand the charges and repayment terms involved before signing up to a payday loan.

First thing to do is to work out how much you really need to borrow, as borrowing more money than you need, can lead to paying more in interest over time. 

Next, you should look to browse through the various well established payday lenders, like Mr Lender, Payday UK and Satsuma Loans, looking at which provider is good for you as a first time customers, but also for you and your individual circumstances.

Questions you should be thinking about asking yourself include "how often can I afford to pay off the loan?", "how much can I realistically afford to borrow and repay each month?", and "which loan company offers me the repayment options I need?"

So if you are ready to find your first payday loan, check out our latest list of well-established lenders to find your most suitable loan.