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Very Merry Loans, a seasoned payday loan broker based in the UK, has launched a loan comparison tool that is set to completely change how things are done in this industry.

Launched in the United Kingdom, Very Merry Compare is yet another first from Very Merry Loans and something which is clearly set to cement their lead in the online lending industry. The easy-to-use tool is certainly one of the first tools to compare multiple costs all at once.

Managing Director, Samuel Merry, explains: “Very Merry Compare puts consumers in a position to effectively compare dozens of payday lenders based on the most important factors, their total repayment amount and if they are eligible to apply. By allowing the consumer to configure the loan information displayed based on their own requirements, the results are personalized to them helping them make a decision based on the actual costs rather than the APR which can confuse some at time.”

“And with the new caps introduced in January, we ensure our visitors know they will never repay more than twice the loan agreement in unfortunate events.”

Unlike most methods used to compare lenders, the new tool gives exact costs of loan repayments including any transfer or hidden fees. That is essential since it is advisable for borrowers to take their time and look through the payday lenders and understand their eligibility and total costs before applying directly.

Very Merry Compare is set to help borrowers gauge lenders’ reputation as well as history before tendering their applications for payday loans in order to get nothing short of the best of the best.

Already, several lenders have confirmed the effectiveness of Very Merry Compare and have since thrown their support behind this unique tool. Very Merry Loans has extensively checked all lenders listed after finding them legitimate and fully compliant with the FCA.

Very Merry Loans is one of the UK's leading Payday brokers that have helped many people meet their unexpected expenses since it opened its doors.

For more info, kindly contact us at;

Very Merry Loans
2nd floor
1 – 5 Highstreet
Romford Essex
RM1 1JU

support@verymerryloans.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Very Merry Loans in the following categories: Entertainment & Arts, Personal Finance, Business & Finance, for more information visit http://pressreleasewire.responsesource.com/about.