A debit card payday loan is a loan which is secured against a debit card . 

According to Steve Roger from nodebitcardloans.org.uk, a loan in the range of £100 to £1500 which is acquired through a debit card is a short term payday loan which is deposited directly into a bank account . Usually, debit card payday loans are offered for a brief period of 14 to 30 days, which means they come with a slightly higher interest rate due to their short term nature. Mr Roger adds that people need to ensure they repay their loan on time so they don’t find themselves in a debt-trap.

In order to be approved for a loan of this type, it is required that a person be 18 years of age, a citizen of the UK with a bank account and a debit card associated with that account. The application procedure is all conducted online and money is available quickly, without the need for any credit checks .