Pounds To Pocket Pay Day Loans

Pounds to Pocket

Pounds to Pocket launched in 2010 and is part of Enova International which includes the brands Quick Quid and On Stride Financial. It is regulated by the Financial Conduct Authority and in 2012 and 2013 was a finalist in the Alternative Lender of the Year Awards.

Customer satisfaction certainly seems high. 9 out of 10 customers would recommend them to friends and family and 93% of customers say they are happy with the service they receive. These figures are based on surveys conducted of 159 customers in a two month period in 2013.

USP’s include:

  • The Pounds to Pocket loan builder
  • Pond Place, the scoop on how to save
  • A convenient mobile website

You can borrow anything up to £2,000. The company will also consider self-employed people, who are frequently rejected from other pay day loan companies.

Application Process

You apply online either at home or via your mobile phone. Make sure you have to hand employment and income details and bank account details. Once a credit check has been completed, if approved, you will get your cash within 10 minutes after approval. This is dependent on your bank running Faster Payments. If they don’t you will need to wait until 14.30 on the day your loan was agreed.

Credit checks are vital to ensure you can pay back the loan you have applied for.


There are no fees applied to a personal loan, no annual fee, no draw fee, no early repayment fee, no application fee, no fast funding fee.

You may however be charged a late payment fee of up to £15.


You must have a valid bank account, receive an income through employment or be self-employed, be a resident of the UK and be at least 18 years old.


You can repay your loan between 6 to 12 months. This can either be done through your debit card or payments can be taken from your bank account. You can repay your loan early and you are not charged for this. You can apply for another loan once one is paid off but the company are keen to point out that they do not encourage customers to use their services frequently.

The website has a personal loan builder device on it which allows you to play around with the amount of money you want to borrow and the instalments you want to make to see what your repayments could be. This way you can customise your loan to suit you.

If you miss a payment you may be charged a fee of up to £15. Your bank may also charge you if you do not have sufficient money in your account to pay the direct debit.

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