Company Information

Pixie loans have no applying fees and hidden charges. The lender always tells you the full cost and the total amount which you have to repay before applying.

Highlights

Pixie’s Latest Technology

Pixie uses SSL certificates and secure methods to process a loan application. This is linked to Monevo lending panel, which provides free, instant online payday loan decisions.

Pixie Payday Application Requirements

There are some requirements that must be fulfilled by an applicant to get approved for an instalment loan from Pixie Loans. Applicant should be 18+, a UK resident with an account. The applicant will not be approved if permanently unemployed. There will be a credit history check and the applicant must fulfil some creditworthiness requirements before getting approved for a payday loan.

Loan Amount & Charges

Consumers can borrow between £150 and £1,000 with 0.8% interest from Pixie Loans. That means the longer the loan is, the more interest the consumer will pay.

For instance, a two-month loan of £150 will need £55.95 in interest charges.

Loan Amount – £200 | Borrowed for 10 days | Interest: £9.89.
Total Repayment: £209.89 (Fixed) | Representative APR: 728.9%

Representative Example

Process

Process

icants must submit an application online. There will be a credit check and an affordability assessment before approval. Pixie Loans will evaluate the applicant’s financial situation and the loan offer will be sent only to approved individuals. Then, the applicant will decide whether or not to confirm the loan. After an agreement is submitted, the loan will be shortly deposited into the borrower’s account within one day.

PaymentPayment

e two methods for repayment: repayments can be directly deducted from the borrower’s account or the borrower can activate automatic repayments with the Continuous Payment Authority (CPA). If the borrower wants to save money on interest charges he can pay off his loan timely.

Pixie Fast Fi

Pixie Fast Finance Options

ans

These loans last only a given for a short period of time, mostly for 1 or 2 weeks’ till paid back upon getting borrower’s next paycheck although pixie offers borrowing terms of up to 90 days.

Short Term Loans<

Short Term Loans

e same like payday loans but the total borrowed amount covers a repayment term of the same size over or up to 6 months.

3 Month Loans3 Month Loans

ggests, these loans are for 3 months. These are flexible loans which allow the borrower to spread the cost of a loan across 3 months which makes the repayments a lot easier.

FAQS

FAQS

rrower can Apply for with Pixie Loans?

New customers can borrow between £150 and £650 as for their first loan and returning customers can borrow up to £1000 if they maintain a good credit history with that lender.

What do Pixie Loan c

What do Pixie Loan charge for a Loan?

interest per day. If you are borrowing £300 over 87 days, the total charge for credit will be of £141.63 interest charge. This will make the Total Repayable £441.63 and interest rate will be 292% pa (fixed) with 1293% Representative APR.

Do Pixie Charge Penalti

Do Pixie Charge Penalties?

your repayments at the agreed date, interest will be applied at the rate of 0.8% per day until you repay full balance or the total borrowed amount touches 100% of the amount borrowed. As an example, if a borrower takes £100, he will never have to pay back more than £200.

Who are Payday Loans Dire

Who are Payday Loans Direct Lenders?

ading loan brokers in the United Kingdom who work with the best direct lenders throughout the country. Direct lenders are the companies that lend you the money and receive your repayments.

Do Pixie Payday Offers Ba

Do Pixie Payday Offers Bad Credit Loans?

for people who have bad credit but it can create a barrier for some loan types.

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