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.

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 APR | Loan Amount | Maximum Term | Repayment for £100 | ||
---|---|---|---|---|---|

1,999% APR | £100 to £1,000 | 3 months | £129.50 over 31 days | ||

Use code MONEYQ10 to save 10% on your initial interest rate. No hidden fees. | |||||

Representative Example: The Representative APR is 1,999% APR so if you borrow £200 over 31 days at a rate of 347% p.a. (fixed) you will repay £259. | |||||

Satsuma Loans Short Term Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

793.8% APR | £100 to £300 | 26 weeks | £140.01 over 13 weeks | ||

Satsuma Loans are a Short Term Loan Provider. 97% of our customers would use us again. | |||||

Representative Example: The Representative APR is 793.8% APR so if you borrow £260 over 26 weeks at a rate of 136.1% p.a. (fixed) you will repay £16.80 per week and £436.80 in total. | |||||

Purple Payday Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

2,023% APR | £100 to £1,000 | 45 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% APR so if you borrow £200 over 31 days at a rate of 682.78% (fixed) you will repay £257.99. Includes £3 transmission fee. | |||||

Pounds to Pocket Short Term Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

278% APR | £200 to £2,000 | 12 months | - | ||

Representative Example: The Representative APR is 278% APR 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. | |||||

Peachy Loans Short Term Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,058% APR | £50 to £500 | 5 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% APR so if you borrow £200 over 60 days at a rate of 365% p.a. (fixed) you will repay £299.08 in total. | |||||

QuickQuid FlexCredit | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,392% APR (variable) | £100 to £1,000 | 10 months | varies | ||

Use code MONEY30 to save 30% off initial loan fees. | |||||

Representative Example: The Representative APR is 1,392% APR so if you borrow £1,200 over 10 months at a rate of 300% p.a. (fixed) you will repay £2,831.34. | |||||

MyMate Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,362% APR | £150 to £1,000 | 6 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% APR 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. | |||||

PiggyBank Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,355% APR | £50 to £500 | 42 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% APR 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 | |||||

CashCowNow Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,737% APR | £100 to £1,000 | 31 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% APR 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 APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,737% APR | £100 to £1,000 | 31 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% APR 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 APR | Loan Amount | Maximum Term | Repayment for £100 | ||

2,327.87% APR | £100 to £1,000 | 18 months | £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% APR 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. | |||||

Cash Lady Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

2,670% APR | £80 to £1,000 | 6 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% APR so if you borrow £200 for 28 days at a rate of 378% p.a. (fixed) you will repay £258 in total. | |||||

Tide u Over Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,734% APR | £100 to £500 | 39 days | £135 over 30 days | ||

Representative Example: The Representative APR is 1,734% APR so if you borrow £200 over 28 days at a rate of 326% p.a. (fixed) you will repay £261 in total. | |||||

MYJAR Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

3,943% APR | £100 to £100 | 18 days | £120 over 18 days | ||

Representative Example: The Representative APR is 3,943% APR so if you borrow £100 over 18 days at a rate of 406% p.a. (variable) you will repay £120 in total. | |||||

KwikPayday Payday Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

2,670% APR | £10 to £750 | 28 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% APR 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 APR | Loan Amount | Maximum Term | Repayment for £100 | ||

2,670% APR | £80 to £1,000 | 6 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% APR so if you borrow £200 over 28 days at a rate of 378% p.a (fixed) you will repay £258 in total. | |||||

Ladder Loans Short Term Loan | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

299% APR | £500 to £1,500 | 18 months | - | ||

Representative Example: The Representative APR is 299% APR so if you borrow £1,000 over 12 months at a rate of 147% p.a. (fixed) you will repay £163.10 per month and £1,957.20 in total. | |||||

QuickQuid Payday Loan (3 Pay Period) | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,999% APR | £100 to £1,000 | 3 months | £188.50 over 90 days | ||

Use code MONEYQ10 to save 10% on your initial interest rate. No hidden fees. | |||||

Representative Example: The Representative APR is 1,999% APR so if you borrow £200 over 31 days at a rate of 347% p.a. (fixed) you will repay £259. | |||||

QuickQuid Payday Loan (1 Pay Period) | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,999% APR | £100 to £1,000 | 30 days | £129.50 over 31 days | ||

Use code MONEYQ10 to save 10% on your initial interest rate. No hidden fees. | |||||

Representative Example: The Representative APR is 1,999% APR so if you borrow £200 over 31 days at a rate of 347% p.a. (fixed) you will repay £259. | |||||

QuickQuid Payday Loan (2 Pay Period) | |||||

Representative APR | Loan Amount | Maximum Term | Repayment for £100 | ||

1,999% APR | £100 to £1,000 | 2 months | £159 over 60 days | ||

Use code MONEYQ10 to save 10% on your initial interest rate. No hidden fees. | |||||

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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.

If you need a bad credit loan instant decisions from lenders can get the money to you quicker, but you shouldn't just go for the one that gives you the money fastest. We look at how to find an instant loan and how to keep your costs down.

## What's the best way to get a loan quickly?

The cheapest way to borrow money quickly isn't usually with a loan; it can often be with a credit card, especially if you can find a deal with 0% interest on balance transfers or 0% money transfers for a number of months.

Even if you can't get a 0% deal or are worried you'll be turned down because of bad credit, then using a credit card you already have (assuming your spending won't take you over your credit limit) is likely to be comparably cheap, especially if you pay it off quickly. This has the advantage of being instantly available to you so you won't even need to wait to get the money through.

Setting up a direct debit to do this is definitely worth considering although you'll need to make sure you have enough money in your account.

If your credit rating means credit cards aren't an option, look into an authorised bank account overdraft, borrowing from a friend, a guarantor loan or a Credit Union or Budget Loan. Read our guide for more information about your options: What is the Best Way to Borrow Money Until Payday?

If you're desperate for the loan to pay a bill, speak to the company you owe instead to see if there's anything they can do to help.

If you've ruled out other ways to borrow and are considering payday loans, then you'll need to spend some time picking the right one and making sure you understand how they work so you can play by the rules.

The first thing you need to be careful of is high interest rates and fees as these can push up the total cost of your loan.

If you don't meet your repayments, you'll be charged even more in interest and fees. It can also impact your credit score, which could make it tougher for you to get credit in future.

## How to look for the right loan

Work out the exact amount you need before you start looking and avoid borrowing more than this just because it's offered, as this will push up the loan's cost.

To see which deal is cheapest, compare how much each loan will cost per £100 that you borrow - that way you can minimise how much you'll need to pay in interest and fees.

You should also check how long you'll have to pay back the money - this isn't necessarily a month, as some lenders will offer loans over shorter or longer terms. Pick the option that gives you long enough to pay back the loan in full for the cheapest price.

## How to apply

Most instant decision loans for bad credit are available online, so you can apply for them quickly by entering your details on the lender's website once you've found the one you want.

The money will be transferred to your bank account, so could be available as quickly as an hour after you apply. Check the small print - just because a loan offers an instant decision, that doesn't mean you'll necessarily get the money instantly. Some will charge a same day transfer fee that will push up the cost considerably.

Most lenders will take the money owed directly from your bank account on the day it's due, often using a Continuous Payment Authority. This lets them make two attempts to remove the funds, so make sure you have enough in your account by the repayment date and that you're left with enough to pay the rest of your bills.