Payday Loans Net Loans | Reviews

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Payday Loans Net Loans

About Payday Loans Net Loans

Payday Loans Net (logo branded as PDNet) is one of three brands active within the Western Circle Group. CashFloat is the flagship operation of the trio, whilst Pera is the smallest and this company in focus that arrived in 2017 nestles between them. Quick Loans Express had been a further trading brand, but the site for this has closed. There has been a few product changes put forward at since we last checked up on them. The key change is in regard of the loan sums. The new range for all customers now runs between £500 and £1500. The past limit was £200 to £700 to first time applicants with a future reloan cap of £2000.

Another change sits on the term side that had previously ranged between 1 and 6 months. This has been shortened to 3 to 6 months. It appears quite strange to have removed the option that their actual “Payday” name is targeting! There are restrictions imposed to specific terms. With the starting £500 you’d for instance only be able to pick the initial 3 month selection. To be able to select a 6 monthly period you’d need to borrow at least £950. We compare instalments at £300, but as a result of their restrictions have had to calculate £600 for 3m and £1200 for 6m. The prices ran for these as £290.90 (3m) and £893.45 (6m).

Company Details

Address: 2a Highfield Avenue, London, NW11 9ET

Brand: Payday Loans Net (aka: PaydayLoansNet, PDNet)

Company: Western Circle Ltd

Contact (📧):

Contact (☎): 020 3006 6977

FCA Licence: 714479

Launched: 2017

Niche: Instalment

Opening Hours: Mon/Fri (9am-5.30pm)

Related Brands: CashFloat, Pera Loans

Site Address:

Site Rank ( Global): #6,771,842

Product Specs

Amounts Available: £500 to £1500 (all customers)

Late Payment Fee: £15

Manage: Yes, a Payday Loans Net login is provided

Pricing: £290.90 /£600 (3m) & £893.45 /£1200 (6m)

Repayment Terms: 3 to 6 months (any month between)

Review Feedback

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Reviews: Not listed

Trustpilot: Not listed

Rivals & Similar Lenders Like Payday Loans Net

The service changes imposed haven’t impacted the site’s recent performance. They had ranked close to 6m and were 6.7m when checking now. As a result, PDNet only just ranks in the top 20 for site visits across the 3 & 6 month instalment sectors. Kabayan Finance and PM Loans have each been closely matched for ranks in recent times. There is lots of choice when it comes to alternatives across the sector. The Group’s core brand itself (CashFloat) has improved features. There wouldn’t be much incentive in using Pera that is targeted at the Filipino community alike Kabayan. Pera’s starting sum is £400 that itself is a little high for our liking.

Last Check @ June 10th, 2021

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