I’m I eligible for a loan?

Not everyone is eligible for a short term loan. You need to meet all the eligibility requirements outlined in the How to Apply page to receive a loan from ExitAhead Loans. The basic requirements include a minimum age of 18 years, having a steady source of income, and being a UK resident.

How much can I borrow?

ExitAhead Loans has a wide range of loan amounts to offer. You can borrow an amount depending on your needs as long as it lies between our Minimum and Maximum loan amounts. Another determinant factor regarding the amount you can borrow is your repayment ability. You can only borrow an amount you can comfortably meet its installments.

How long will it take to receive the funds?

After submitting your application, the loan is approved and disbursed to your account within a 24 hour period. ExitAhead Loans offers same day loans to its applicants. However, the faster you verify your application using the details sent to your phone or email dictate how fast you will receive the money. Delay in verification leads to delay in disbursement.

Are Short term loans only for those in full time employment?

Our short term loans are for designed for the employed. We reserve the right to verify your employment on application. This loan is not designed for the unemployed, self employed, or students.

Do short term loans have a high APR?

Short term loans, especially in the case of unsecured loans are termed as having high rates. It is good to remember than APR is usually a measure of a whole year’s interest. However, short term loans are usually borrowed for a month or a few months. It is not accurate to say that Short term loans have a very high APR when the loan is designed to last for just a month or maybe a few weeks but not a year.

Can I get a loan if I have bad credit rating?

Yes. You can get a short term loan from us even if you have a bad credit rating. We offer short term loans to individuals that had defaulted in previous loans or have had a CCJ as long as they show ability to pay back the loan.

Can I apply if I debit card?

No. Unfortunately, you can not apply for our short term loans if you do not have a debit card. A valid UK debit card is a requirement among all our applicants.

Can I apply if I have other credits?

Yes. You can apply for a short term loan even if you have other loans or credits. ExitAhead will however carry out checks on other credit obligations that you have. We intent to keep true to our responsible lending policy and will thus seek to ascertain that you will still be able to meet the obligations that come with the new loan. However, if one is not able to repay the short term loan due to other obligations, the loan application will be declined.

Can I pay off my loan early?

Yes. You can pay off the loan if you feel the need to. This involves communicating with our team to execute the payoff action.

Who decides my repayment period and frequency?

You get to decide the repayment period and frequency. However, it should be within our stipulated repayment policies. We need you to decide on a repayment that will offer you installments that you can meet comfortably.

What if I don’t repay in good time?

All borrowers are expected to repay the loan in good time. Failure to do this leads to fines that raise the loan balance higher thus making you incur unplanned expenses. In case of trouble, you can choose to communicate with out team to defer your payment to the next payday. Failure to notify our staff in advance will result in failed collection fines and in some cases, your details are transferred to the collections team for more drastic actions which will be executed at your expense.