Today Loan

Today Loan is an online payday loan broker, operated by Loan Machine Limited, and registered with the UK Office of Fair Trading.

The company behind the service operates through several websites in fact, including the popular "Loan-machine" and "Iva-Machine" online destinations.

As a payday advance broker, the service is completely independent from any particular UK direct payday lender, bank, or building society.

Instead, their primary aim is to find the most suitable cash advance offer for the loan amount and terms that you are looking for.

Typical loans from the lenders in their database are available up to amounts of £1,000, with approved customers being often able to get the funds the same day.

Even though these lenders may do a credit check as part of the loan application processing, less-than-perfect credit does not restrict you from applying, as the firms will evaluate your financial situation as a whole before the loan decision.

Because these short-term, small amount loans carry very high annual percentage rates (APRs) of interest, you should consider researching alternatives to payday loans, such as a negotiating a wage advance from your employer or taking a cash advance from a credit card.

In any case, payday loan products are not intended as solutions to long-term financial problems.

How to Apply for a Payday Advance from the Service

When you apply for an loan through the service, the exact qualifications to getting a payday advance will depend on the lending entity on their database, but typical requirements will include (but are not limited to) regular employment, a bank account, UK residency, and 18 years of age or over.

When you've filled in the service's online application form and submitted it, the actual time to approval of your application will depend on several factors, including your credit score and who the lending entity is.

Also, because all of the lenders in their database are able to offer a 100% online option, the loan approval times may differ significantly from a lender to lender.

This is especially true if the lender needs extra documentation from you to complete the application processing. However, typically, if you submit the payday advance application before 14:30 you might be able to receive the loan funds the same day.

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Cash advances should be used for short-term financial needs only, not as a long-term financial solution.

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