Warning: Late repayment can cause you serious money problems.
For help go to moneyadviceservice.org.uk
We are an authorised credit broker and not a lender.
Warning: Late repayment can cause serious money problems, for help or advice please go to moneyadviceservice.org.uk
Rates from 35.9% APR to max 1304% APR. Minimum Loan Length is 3 months. Max Loan Length is 12 months. Representative Example: £250 borrowed for 3 months. Total amount repayable is £411.63 in 3 monthly instalments of £137.21. Interest charged is £161.63, annual interest rate of 292% (fixed). Representative 1192% APR (variable). We are a credit broker not a Lender.
Just because you’re retired doesn’t mean you don’t need a little extra money now and then. However, being a pensioner makes it more difficult to access credit and get approved for loans from traditional lenders.
We offer instant, online payday loans for pensioners, and you could receive approval in as little as 5 minutes. You don’t need to have perfect credit, and you don’t need to have a large income. Our lenders will consider your pension benefits as regular income.
Applying for payday loans for pensioners and the elderly has never been easier. Simply follow these three steps, and you’ll have your money in no time.
Fill out a brief online application.
You can complete our application process, fully online, in under 5 minutes. You don’t have to fill out any extensive paperwork or pull out piles of documentation. The best part? You get a decision right away.
Get an immediate decision from one of our lenders.
You could receive a decision within minutes of submitting your application. If you’ve been approved, your lender will send over a loan agreement that details everything from the interest rate to the repayment period. Read it over carefully to decide whether or not the loan they’re offering meets your needs.
Your funds are deposited into your bank account instantly.
If you agree to the terms and conditions of your loan, the funds will be sent to your bank account as soon as possible. The exact timing will depend on your bank, but it is possible to apply, receive a decision, and get your money all within a matter of hours.
Our Payday Loans are…
Instant: You could receive your decision AND your money within hours
Easy: Everything is done online from the comfort of your home
Convenient: Flexible terms and repayment plans make repaying your loan easy
Practical: Don’t take out money you don’t need when you can get a small payday loan
Accessible: Our lenders will consider you even if you have bad credit
Payday loans are small, short term online loans that are often made instantly available to the borrower. These loans are typically easier to obtain than traditional loans, particularly for people who have bad credit, no credit, or an alternative means of regular income, such as pension benefits.
Yes. While traditional lenders may not consider your benefits as regular income, our lenders will. This means that they can offer you a loan against your benefits.
Our lenders consider a wide variety of regular income, including:
Income from a part-time or full-time job
Investment and rental properties
Right here at Viva Loans. As a third party broker, we do not give out loans, but rather partner with a huge network of lenders to which we give you access. This allows us to search for the best available loans on your behalf, free of charge. We use your application information to pair you with a lender who meets your needs.
Eligibility requirements will vary by lender, but all will require that you are:
At least 18 years of age
A UK citizen or resident
The owner of a UK bank account
Additionally, many will require that you:
Have a mobile phone and an email address
Any government benefits, such as disability benefits or retirement pension, can be considered a regular source of income against which you can take out a payday loan.
In order to verify your benefits, our lenders will ask for one of the following:
A valid bank account statement from the past 3 month
Bank deposit statements proving the income you’ve claimed, such as statements showing benefits deposits, pension deposits, or paychecks
Not at all. You only need to be over 18 years old, most of our lenders have no maximum age limit.
Yes. While our lenders will work with people who are often denied by traditional banks, they do not approve everyone. If you are not approved for a payday loan, it’s because our lenders do not think you are in a position to repay your loan on time.
Once you’ve received your funds, the money is yours, and you can spend them however you’d like. There are no rules or restrictions regarding your spending.
However, you should always be responsible when borrowing money and taking out loans. Payday loans are meant to cover one-time, short term expenses that are necessary. They shouldn’t be used for unnecessary purchases, such as shopping and entertainment. Payday loans also shouldn’t be used to supplement income or provide a long term financial solution. If you are taking out multiple loans in a short period of time, you should reconsider applying for another.