Lucky Loans Responsible Lending Policy

Lucky Loans Responsible Lending & Borrowing Policy

If ever you need to apply for payday loans from Lucky there are a number of eligibility checks we will carry out to ensure that a payday loan is the right option for you. Many people applying for a loan don’t have access to additional savings or funds and instead turn to short term loan providers such as as a means to access additional finances.

Here at Lucky we are passionate about responsible lending and ensuring that we can provide as much financial assistance to people as possible. No matter how much we want to provide struggling individuals with additional funds, sometimes it is just not possible and can actually make an individuals situation worse. There are a number of policies that we feel very strongly about, policies that help us to maintain our honest and trustworthy reputation which is why we continue to grow as a leading online loans service. We as a company have our own philosophy “Lend For Less” which is applicable in every service we offer.

Lucky Loans responsible lending policy

Lowest Possible APR and Interest Rates

We are a transparent company, we will always show you your loan terms and conditions before you accept your loan offer. We believe in giving you the lowest possible APR and Interest rates as we understand that many individuals that use our service may already be experiencing financial difficulties.

Our Payday Loans Eligibility Checker

When you apply for a payday loan with lucky loans we will carry out a number of eligibility checks to ensure that you can afford to take out an additional source of finance. We will never do a credit check, however we will take a look at other outstanding loans and monthly outgoings that you may have in order to determine how easily you can make any repayments.

Alternative Finance Options

If we feel that a payday loan is not the best option for you we will always try and give you alternative advice. If we feel that a payday loan is not necessarily the answer to your current financial woes we will always try and refer you on to one of our finance experts who can give you some alternative borrowing options. We believe in making the borrowing process as transparent and easy as possible. We will always disclose the full costs associated when applying with Lucky Loans.

We will never charge you a fee for using our service, we never have and never will. Our Online service is completely free of charge to use and can even be used to give you a general idea of the costs involved with taking out an additional source of finance. Even if you accept one of our loan offers we will still never charge you any additional fees.

Our Philosophy 

We will not make you current financial situation worse by offering you a payday loan if you can not afford one. If we feel that you may struggle to make regular payments with ease we will not offer any additional finances as this can lead to additional finance problems for an individual.

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