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A lender would obtain a leveraged payment mechanism if the lender has the right to initiate a transfer of money from the consumer's account to repay the loan, if the lender has the contractual right to obtain payment from the consumer's employer or other payor of expected income, or if the lender requires the consumer to repay the loan through payroll deduction or deduction from another source of income.
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Direct lender payday loans for poor credit clients must submit the Standard Chartered Personal Instalment Loan application with all the required information during our service hours (Monday-Friday: 9am-5pm, except Saturday and public holidays).
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