SteadyPay links to the bank your pay goes into. It works out your average pay. Then every payday it does a check to see if you need a top-up.
When you’re paid below average (because you worked fewer hours, took time off, etc), we deposit money into your current account to make up the difference.
A repayment is due only when you're paid above average. Moreover, the repayment is taken only from the amount of pay that’s above average. If there’s anything left to repay, this gets rolled over to your next pay.
The top-ups smooth out your pay. You no longer have to deal with drastic reductions in pay.
The top-ups give you predictable, reliable pay. This allows you to budget with confidence for everyday expenses.
The top-ups prop up your income when you take time off to get over a cold or to relax on holiday.
The top-ups are interest free. We’re the alternative to payday loans, overdrafts and credit cards.
You keep receiving top-ups so long as you make repayments and stay in the credit limit.
Before SteadyPay I worried about getting sick and not being able to work and losing income. Not anymore. I can take sick days and my pay is covered.
When I took time off, I'd have to use my savings to get by. I'd prefer to use my savings on a home. The top-ups mean I'm no longer out of pocket for taking time off.
I was about to Google payday lenders to cover the shortfall when I realised, I was with SteadyPay. What a relief this was for me and my family. All our direct debits are scheduled to come out on a Tuesday, we wouldn’t have been able to pay our rent.
We don’t charge interest or a bunch of rip-off fees. We’re a subscription service. Think Netflix or Spotify. We have one, low, weekly fee which gives you access to credit for topping up your pay. The minimum top-up is £25. The credit limit is £1000.
No interest is charged on the top-ups. No fees are charged for missing or making a late repayment.
There’s no fixed term of contract. You must repay any top-up you owe us when you end the contract.
Amount borrowed (top-ups)
Rate of interest charged
Subscription fee for 12 months
Total amount paid for 12 months
|Interest charges||Account fee||Late/missed payment fee||Exceed credit limit fee||Subscription|
Apply for and access the SteadyPay service on your mobile.
Provide your name, date of birth and contact details.
This automates the top-ups and repayments.
We make sure it’s really you and you can afford the repayments.
If it’s all OK, we’ll present you with a SteadyPay contract.
You must be a UK resident, at least 18, employed, and have a current account with a UK bank, and not have significant or multiple county court judgements for debt.
As part of the signup process we'll provide you with an explanation of SteadyPay’s features and your rights and obligations as a customer.
The FAQ may have the answer. If you need further information or assistance, let’s chat.View our FAQ