Representative 728.9% APR.
Representative example: £400 borrowed for 30 days.Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable)
We understand that the financial industry can sometimes come across as overwhelming, or a confusing blur of figures and rates. That is why we would like to spend a short while introducing ourselves and the service we can offer you.
Purple Payday sets itself apart through the use of financial technology called a Pingtree, allowing our users to easily and securely process an application for the right payday loan or short-term financial solution.
The use of a Pingtree to search for your loan provider, allows our customers to take advantage of the cheapest RAPR for their personal situation. A truly individually tailored experience for every user, Purple Payday offer this by showing a customer’s application to the lender with the cheapest APR first, ensuring that at all times during our process your application has the best chance of securing the finance you require at the cheapest rate for you.
Our hassle-free application form takes away the repetitive stress from loan searches; using one form to efficiently find your loan.
What can our service do for you?
We work directly with a panel of trusted short-term lenders and brokers, offering access to financial assistance from some of the most popular payday lenders and brokers in the UK. We make sure that the customer is always at the centre of our efforts, continually developing our processes and our award-winning technology, to bring you a dynamic and proficient customer experience. Despite Purple Payday acting as a loan broker we do not charge any fees for our services and, up until the signature of your loan agreement, you will be under no obligation to accept the loan offered to you. Please note that some of the brokers who sit in our panel do charge a fee but this is made clear at the time of application and again, you are under no obligation to proceed.
When we say that Purple Payday is a trading style of Pingtree Ltd., what this means for us is that we are confident that our market-leading technology can provide you with the best chance of an approved loan from a whole of market panel of UK lenders. What this means for you our customer, is that you can expect all this in real time and without the task of multiple application forms, or the time this takes up. If any of your questions are not answered in this section please do not hesitate to contact us.
As a trading style of Pingtree ltd. Purple Payday is also part of the Pingtree Group, a recent recipient of 3rd place in the Sunday Times Tech Track 100 certifying our status as one of the UK’s fastest growing technology companies.
The Pingtree Group were also named fastest growing technology company at the GP Bullhound Northern Tech 2014 awards; in addition to the Online/Mobile Technology Provider of the Year 2014 at the F S Tech awards.
Recognising the difference our technology makes in the market drives Purple Payday to remain at the forefront of what we do, continuing to provide a smarter payday loan search.