Taking a look at Microlend reviews reveals what the company provides and what they can do for you. To start with, Microlend is a company in the UK which offers short term loans to individuals throughout the UK. These short-term loans help to support the borrowers before their next payday.

The company has been in existence for some time and they have a website where users and potential customers can browse and fill up an application form to apply for a payday loan. The online application form is easy to fill out which can save customers' time and enables them to get the money they need within about two to four hours. Microlend.co.uk have a secured website to guarantee the safety of the personal details submitted by the borrowers.

These short-term loans are only available to UK residents that are either fully employed or working part-time. These people have to be on a monthly wage that is over £1200. They provide loans ranging from £100 to £500 to first-time borrowers, and up to £1000 for repeat-customers.

With loan companies offering this sort of loans, it is likely for people who incur small money shortages before their next payday to obtain extra cash when they require it. With this cash they can take care urgent events such as car repairs, medical bills etc.

When you apply for a loan on their site, you will be contacted either by phone or by email to let you know about their decision. They get back to their customers within a 24-hour time-frame, and also provide them a copy of the company's terms and conditions for the customers to read and sign.

Microlend gives loans to its customers without checking their credit ratings. They have a monthly charge of £30 interest for every £100 borrowed. This fee is slightly higher in comparison with other payday lenders in the UK market that commonly charge £25. Additionally, Microlend offers their customers a chance to extend their payday loan and a convenient re-application choice.

You must be eighteen and older to receive this loan. It is also mandatory that you have a debit card. Some customers complain that sometimes Microlend debits the whole balance in their debit card without notifying them. They say that Microlend does this even though they have already set up a repayment plan.

Some people also complain about the registration fee of £3.50 that is charged although they ended up not getting the loan. Others say that the money will ultimately be returned if you take out a loan. You may not invariably need to present them with any documents, you will be informed of whether they need any after they review your application.

For new borrowers, Microlend provides loans that vary from £100 to £500. On the other hand, if you are a returning borrower that has repaid their previous loans timely, the loan can be extended to as much as £1000. Upon the repayment date, the loan is taken directly from the debit card of the borrower.

Perhaps, after reading all the Microlend reviews, you will have come to a conclusion that it is important to gather as much information about them as you can, before you actually decide to borrow money from them.

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