I have been researching Mr Lender recently to see how they do for all of the major payday loan terms in Google and they were ranking on page one for both “payday loan” and “payday loans” at this time and so they are certainly very competitive at this time. Mr Lender (part of PDL Finance Limited) is an appealing payday lender brand offering loans between the range of £10 and £750 in £10 increments, with new customers being able to receive a possible £500; the idea with Mr Lender is to show your worth and in time be offered greater amounts. This is all ran within your account and the design of their site is impressive. Mr Lender provides same day payday loans via the Faster Payments Service and there is an additional charge of £5 for this, although it states £7 in their FAQ.

As with most payday lenders, there will be a credit check carried out, but as always bad credit is welcomed and by being a responsible customer Mr Lender will report to the credit agencies and help to build your credit rating and just to add the loan in most cases will be faxless. Mr Lender loans will arise with a 30% interest charge that tends to be the market average, but that £5 charge for the speedy payment does ramp up the overall charge. A notable concern with this lender is that reviews online state that they push leads on to other companies when you have been turned down from them. I have now dug this up on their site with them stating that you have to email them to prevent them from passing information along should you be declined. I have been overall impressed with Mr Lender and it is good to see much smaller loan amounts being offered.

Charges for a £100 Loan:
Charges: £30/£100 interest + £5 transfer fee = £35/£100

(tags: british loans, mrlender, mr lender review, short term loans, uk pay day loan)