With more than a million Britons taking out short term advances to cover mortgage repayments a year, competition to provide the cheapest payday loans is fierce.

There are plenty of brokers of all shapes and sizes to choose from when looking for a bit of extra income to cover the repayment of household bills. But how do you know that you’re getting the best deal?

The amount you borrow, the period over which you pay it back, and at what interest rate differs from company to company.  Anyone looking for a short term advantage such as this should shop around to find the best interest rates and the best loan for them.

Here at Payday Agency for every £100 you borrow, you are charged a simple fee of £25. This includes all transaction costs and must be paid in full upon repayment of the loan. It really couldn’t be easier.

Hints To Find The Cheapest Payday Loans

We’ve written a few handy hints and tips to help you find the cheapest payday loan:

• Shop around – there’s lots out there so make sure the loan you take out is right for you
• Before you commit to any payday loan, make sure you know exactly how much you will be paying back
• Where possible, pay your loan off early to avoid late fees
• Make sure you know the implications of not being able to make your repayments – speak to your broker to see how they can help you if you’re struggling to meet repayments
• Only borrow what you know you can pay back, you don’t want to end up worse off financially

With no forms to fax and an online decision reached in minutes, it is easier than ever to apply for a cheap payday loan. So what are you waiting for? Apply for a payday loan today!