Payday loans are expensive and should only be used for short term borrowing. Make sure you understand the costs before you apply.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Debt problems? Get free confidential advice from StepChange Debt Charity on 0800 138 1111.

Your loan may be automatically extended if you don't repay it in full, this may impact your credit score and cost you extra in fees and interest. Failure to pay could mean you face collection action. If you already have a payday loan don't take out another as cheaper options are available; our guides explain.

QuickQuid Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,999%£100 to £1,0003 months£129.50 over 31 days
Use code MONEY30 to save 30% on your initial interest rate. No hidden fees.
Representative Example: The Representative APR is 1,999% so if you borrow £200 over 31 days at a rate of 347% p.a. (fixed) you will repay £259.
sunny.co.uk Flexible Credit
Representative APRLoan AmountMaximum TermRepayment for £100
1,971%£100 to £1,0005 months£127.06 over 28 days
Representative example: The Representative APR is 1,971% so if you borrow £350 over 12 months at a rate of 348% p.a. (variable) you will repay 12 monthly payments of £105.65 and £1267.80 in total.
Lending Stream Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2,006.5%£50 to £8006 months£125 over 30 days
Representative Example: The Representative APR is 2006.5% so if you borrow £200 over 6 months at a rate of 320.2% p.a. (fixed) you will repay £400.
Peachy Loans Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,058%£50 to £5005 months£133 over 28 days
If you want this loan you'll need to pay a £5 faster payment fee.
Representative Example: The Representative APR is 1,058% so if you borrow £200 over 60 days at a rate of 365% p.a. (fixed) you will repay £299.08 in total.
Pounds to Pocket Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
278%£200 to £2,00012 months-
Representative Example: The Representative APR is 278% so if you borrow £500 over 12 months at a rate of 140% p.a. (fixed) you will repay £79.09 per month and £949.01 in total.
Cashub.co.uk Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,734%£50 to £50030 days£125 over 28 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 1,734% (variable) so if you borrow £200 over 28 days at a rate of 326% p.a.(fixed) you will repay a total of £250.
QuickQuid FlexCredit
Representative APRLoan AmountMaximum TermRepayment for £100
1,392%£100 to £1,00010 months£123.49 over 30 days
Use code MONEY30 to save 30% off initial loan fees.
Representative Example: The Representative APR is 1,392% so if you borrow £1,200 over 10 months at a rate of 300% p.a. (fixed) you will repay £2,831.34.
Paydaylady.co.uk Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,734%£50 to £50030 days£125 over 28 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 1,734% so if you borrow £200 over 28 days at a rate of 326% p.a.(fixed) you will repay a total of £250.
Purple Payday Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2,023%£100 to £1,00045 days£125 over 31 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 2,023% so if you borrow £200 over 31 days at a rate of 682.78% (fixed) you will repay £257.99. Includes £3 transmission fee.
MyMate Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,362%£150 to £1,0006 months-
If you want this loan you'll need to pay an arrangement fee of £5.50. Other fees may be applied.
Representative Example: The Representative APR is 1362% so if you borrow £400 over 4 months at a rate of 292% p.a. (variable) you will repay £168.75 per month and £675 in total. Arrangement fee: £5.50, other fees may be applied.
CashCowNow Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,737%£100 to £1,00031 days£125 over 31 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 1,737% so if you borrow £100 over 31 days at a rate of 296% p.a. (fixed) you will repay £125.
Payday Pig Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,737%£100 to £1,00031 days£125 over 31 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 1737% so if you borrow £100 over 31 days at a rate of 296% p.a. (fixed) you will repay £125 in total.
UK Payday Today Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2,327.87%£100 to £1,00028 days£129.95 over 28 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 2,327.87% so if you borrow £275 over 28 days at a rate of 359.4% p.a. (fixed) you will repay a total of £357.36.
Tide u Over Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,734%£100 to £50039 days£135 over 30 days
Representative Example: The Representative APR is 1,734% so if you borrow £200 over 28 days at a rate of 326% p.a. (fixed) you will repay £261 in total.
TideMeOver Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,734%£80 to £50030 days£125 over 28 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 1,734% (variable) so if you borrow £200 over 28 days at a rate of 326% p.a. (variable) you will repay a total of £250.
PiggyBank Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,355%£50 to £50042 days£131.60 over 28 days
If you want this loan you'll need to pay a total of £8.45 in fees.
Representative Example: The Representative APR is 1355% so if you borrow £250 for 30 days at a rate of 300% p.a (fixed)you will repay a total of £320.95. The total charge for credit is £69.45 and includes an administration fee of £8.45
KwikPayday Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2,670%£80 to £75028 days£129 over 28 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example :The Representative APR is 2,670% so if you borrow £200 over 28 days at a rate of 378% p.a. (fixed) you will repay £258 in total.
Kwik Cash Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2,670%£80 to £1,0006 months£129 over 28 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
If you want the money the same day you may need to pay a faster payment fee.
Representative Example: The Representative APR is 2,670% so if you borrow £200 over 28 days at a rate of 378% p.a (fixed) you will repay £258 in total.
QuickQuid Payday Loan (3 Pay Period)
Representative APRLoan AmountMaximum TermRepayment for £100
1,999%£100 to £1,0003 months£188.50 over 90 days
Use code MONEY30 to save 30% on your initial interest rate.
Representative Example: The Representative APR is 1,999% so if you borrow £100 over 90 days at a rate of 347% p.a. (fixed) you will repay £188.50.
QuickQuid Payday Loan (1 Pay Period)
Representative APRLoan AmountMaximum TermRepayment for £100
1,999%£100 to £1,00030 days£129.50 over 31 days
Use code MONEY30 to save 30% on your initial interest rate.
Representative Example: The Representative APR is 1,999% so if you borrow £100 over 31 days at a rate of 347% p.a. (fixed) you will repay £129.50.

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We provide an independent comparison service free of charge but we may receive a commission from some of the companies we refer you to. These are indicated with purple buttons.

How to Find a £500 Loan for Bad Credit

If you need to borrow 500 to keep you going in the short term, your choices will be limited if you have a poor credit rating. If you get a payday loan, what you owe could quickly spiral out of control, so we've looked into how you can prevent this.

Gold Coins

Payday loans are aimed at those with bad credit, offering quick access to cash, so they may seem like the right choice if you have a poor credit rating and need a loan fast.

However, it's worth looking into the alternatives too because they could work out a lot cheaper. This guide talks you through how else to borrow the money you need, such as using an overdraft, a credit card, or borrowing from a friend: What is the Best Way to Borrow Money Until Payday?

If you decide a payday loan is your only option, you'll need to be careful - they can be dangerous if you can't pay them off quickly and they aren't suitable for the long term. Here's what you need to know...

How do payday loans work?

When you've picked a lender, you can let them know how much you need to borrow and for how long, although some are more flexible on this than others.

Once the form-filling is complete, they'll transfer the money to your bank account, and it'll often be available for withdrawal straight away; it will start to generate interest just as quickly too.

The total amount you'll pay should be made clear when you take the loan out, then the amount you owe will be deducted from your account on the agreed date.

How to find the best 500 loan

Each company will have different rules on when you need to pay back what you owe. Borrowing for longer is usually a lot more expensive, but make sure you choose a repayment date that gives you enough time to raise enough to pay it back as rolling the loan over is a very expensive option.

Check the interest rates and charges, as how much the loan company charge per 100 will determine how much the loan will cost you.

What are the risks of a 500 payday loan?

Payday loans cost so much because of their high interest rates and the fees they impose for borrowing - this will make it even more expensive if you don't pay the money back quickly.

If you don't pay the loan back by the agreed date, you'll face more fees, further pushing up the amount you owe and making it harder for you to pay it off.

As well as increasing what you owe, missing payments will also impact your credit rating, making it even harder to borrow in the future and limiting your options further. Even if you keep up with repayments, just seeing that you've taken payday loans in the past is enough to put off some mortgage lenders so you should think twice before you go down this route and consider all the other possible options before committing to a payday loan.

Related Payday Loan Guides

Payday Loan Comparison