Pounds to Pocket
- Borrow up to £20001
- Online Service
- Choose payment period
- Direct to bank account
- No hidden charges
Pounds to Pocket is a provider of short/medium term cash loans. If you need an unsecured loan of up to £2000 and then want to repay it over 6 to 12 months then Pound to Pocket's offering may be worth considering.
As with other types of instalment loan keep in mind that this may not be the cheapest option available to you. Use our Quick Start tool to investigate others. Other instalment loans may be cheaper than Pound to Pocket's.
Use their repayment calculator to select the loan amount and the repayment amount you prefer. It tells you what the relevant repayment period is. Remember that the quicker you repay the loan the lower the total cost of the interest although each repayment will be higher (see example in FAQs below). If you don't like the total cost of the loan then shorten your repayment period, but make sure you can afford the monthly repayments.
After you apply you will be given a decision in principle (including an assessment of affordability). You may be contacted by a member of the Pounds to Pocket customer service team if they need to manually assess your application. Once approved the loan is paid to your bank account. If you are approved and your bank supports "Faster Payments" then it is possible to receive your loan within 10 minutes.
Before you apply these are the basic borrower criteria. You must:
You will need to provide:
The loan amounts are fixed to be between £200 and £2000. Pounds to Pocket will run checks on your credit history, affordability and credit worthiness and this will determine how much they will be actually be prepared to lend. Pounds to Pocket are committed to lending responsibly.
You choose both the amount you want to borrow and the period over which you want to repay the loan. Keep in mind that so long as you can afford the repayments it always makes sense to repay a loan as quickly as you can - it will save you a lot of interest costs.
For example imagine you borrow £1000 from Pounds to Pocket:
So, by repaying more quickly you have saved 24% of the interest costs!
There are 2 alternative repayment options:
In either case you must have sufficient funds in your account on the due date otherwise you risk causing yourself financial problems.
Yes. And this will reduce your interest costs. There is no fee for doing this. You would need to get in touch with the Pounds to Pocket customer service team to organise this.
In simple terms no. The only fee you need to be aware of is a £12 fee that would be levied by Pounds to Pocket if you missed a payment. You also need to keep in mind any bank charges that your bank might make if you don't have suffiient funds in place on the day Pounds to Pocket attempt to take a repayment.
Pounds to Pocket is a trading name of CashEuroNetUK LLC and ENVUK1 Ltd. They are authorised and regulated by the Financial Conduct Authority, FRN 673738.
To operate this service we receive a commission from the provider we refer you to.
2If your bank does not support Faster Payments funds will be deposited the same day if your application is approved by 14:30.
1 Subject to application being approved by the lender.
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