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.

Satsuma Loans Short Term Loan
Representative APR
794% APR
Loan Amount
£100 to £1,000
Maximum Term
39 weeks
Repayment for £100
£140.01 over 13 weeks
There are absolutely no extra fees or charges whatsoever. 97% of our customers would use us again.
Representative Example: The Representative APR is 794% APR so if you borrow £260 over 26 weeks at 136.1% p.a. (fixed) you will make 26 weekly payments of £16.80. You will pay £176.80 in interest and £436.80 in total.
QuickQuid Payday Loan
Representative APR
1,212% APR
Loan Amount
£100 to £1,000
Maximum Term
3 months
Repayment for £100
£124.80 over 31 days
Representative Example: The Representative APR is 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 in total.
Peachy Loans Short Term Loan
Representative APR
1,183% APR
Loan Amount
£50 to £500
Maximum Term
5 months
Repayment for £100
£133 over 28 days
Representative Example: The Representative APR is 1,183% APR so if you borrow £200 over 61 days at 365% p.a. (fixed) you will repay £151.08 each 30 days. You will repay £97.16 in interest, a £5 transmission fee and £302.16 in total.
Pounds to Pocket Short Term Loan
Representative APR
278% APR
Loan Amount
£200 to £2,000
Maximum Term
12 months
Repayment for £100
-
Representative Example: The Representative APR is 278% APR so if you borrow £500 over 12 months at 140% p.a. (fixed) you will repay £79.09 per month. You will pay £449.01 in interest and £949.01 in total.
PaydayUK Loan
Representative APR
1,297% APR
Loan Amount
£100 to £1,000
Maximum Term
46 days
Repayment for £100
£122.40 over 28 days
Representative Example: The Representative APR is 1297% APR so if you borrow £230 over 28 days at 292.2% (fixed) you will repay £51.56 in interest and £281.52 in total.
PiggyBank Payday Loan
Representative APR
1,355% APR
Loan Amount
£50 to £400
Maximum Term
35 days
Repayment for £100
£133.10 over 28 days
Representative Example: The Representative APR is 1355% APR so if you borrow £250 for 30 days at 300% p.a (fixed) you will pay £62.50 in interest, a £9.95 administration fee and £322.45 in total.
CashCowNow Payday Loan
Representative APR
1,212% APR
Loan Amount
£100 to £1,000
Maximum Term
31 days
Repayment for £100
£124 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 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will pay £56 in interest and repay £156 in total.
Payday Pig Payday Loan
Representative APR
1,212% APR
Loan Amount
£100 to £1,000
Maximum Term
31 days
Repayment for £100
£124 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 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 in total.
UK Payday Today Payday Loan
Representative APR
2,327.87% APR
Loan Amount
£100 to £1,000
Maximum Term
18 months
Repayment for £100
£134.57 over 28 days
This is a payday loan broker, they will search other payday loan companies to find you a loan.
Representative Example: The Representative APR is 2,327.87% APR so if you borrow £275 over 28 days at 359.4% p.a. (fixed) you will repay £82.36 in interest and £357.36 in total.
Tide u Over Payday Loan
Representative APR
1,734% APR
Loan Amount
£100 to £500
Maximum Term
39 days
Repayment for £100
£135 over 30 days
Representative Example: The Representative APR is 1,734% APR so if you borrow £200 over 28 days at 326% p.a. (fixed) you will repay £61 in interest and £261 in total.
MYJAR Instalment Loan
Representative APR
1,272% APR
Loan Amount
£100 to £300
Maximum Term
3 months
Repayment for £100
£172 over 90 days
Repay early in full or in part & only pay for the days you borrow. No hidden charges. No rollovers.
A single default fee of £15 following the first missed payment.
Representative Example: The Representative APR is 1,272% APR so if you borrow £100 over 90 days at 292% p.a. (variable) you will pay £72 in interest and repay £172 in total.
Ladder Loans Short Term Loan
Representative APR
299% APR
Loan Amount
£500 to £1,500
Maximum Term
18 months
Repayment for £100
-
Representative Example: The Representative APR is 299% APR so if you borrow £1,000 over 12 months at 147% p.a. (fixed) you will repay £163.10 per month. You will repay £957.20 in interest and £1,957.20 in total.
QuickQuid Payday Loan (3 Pay Period)
Representative APR
1,212% APR
Loan Amount
£50 to £1,000
Maximum Term
3 months
Repayment for £100
£172 over 90 days
Representative Example: The Representative APR is 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 in total.
QuickQuid Payday Loan (1 Pay Period)
Representative APR
1,212% APR
Loan Amount
£50 to £1,000
Maximum Term
1 month
Repayment for £100
£124.80 over 31 days
Representative Example: The Representative APR is 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 in total.
QuickQuid Payday Loan (2 Pay Period)
Representative APR
1,212% APR
Loan Amount
£50 to £1,000
Maximum Term
2 months
Repayment for £100
£160.80 over 60 days
Representative Example: The Representative APR is 1,212% APR so if you borrow £200 over 35 days at 292% p.a. (fixed) you will repay £56 in interest and £256 in total.
different money Short Term Loan
Representative APR
1,072% APR
Loan Amount
£150 to £2,500
Maximum Term
12 months
Repayment for £100
-
Representative Example: The Representative APR is 1,072% APR so if you borrow £500 for 6 months at 255.5% p.a. (variable) you will repay £159.39 per month. You will repay £456.35 in interest and £956.36 in total.

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Important Information About Payday Loans

Here is some important information about the practices used by many of the payday lenders we list on money.co.uk. To find out about the specific practices and charges applied by your chosen payday loan lender you will need to check their website and read their terms and conditions carefully before you apply.

The financial implications of non-payment

You should always make repayments on your payday loan on time and in full. The interest rates and information we list in our comparison tables assume that you will do this. Payday loan lenders each have their own policies regarding non-payment, this affects the additional interest and charges they apply and the debt collection practices they use.

If you do not make your agreed repayments on time then you are likely to be charged extra interest and additional fees. Some lenders will also take legal action if you repeatedly fail to repay. How much extra you are charged and the collection practices used for non-payment will depend on the payday loan lender you have borrowed from; you should check this before applying. Your payday loan payments will be taken out of your account automatically. However, if you do not have enough money in your account to cover the payment you are likely to incur extra charges. You are also likely to be charged interest on your balance at that point; this may be more than the original amount you borrowed.

If you think you may have difficulty making a repayment you should contact your lender immediately. Failure to do so could impact your credit score and result in additional charges.

The impact of non-payment on your credit score

Non-payment will also be recorded on your credit file. Repeated non-payment may have a negative impact on your credit rating and affect your eligibility for future borrowing. You should always make repayments on time and in full to avoid any repercussions on your credit rating.

Renewal policy information

It is not advisable to renew or extend a payday loan. However, if you do need to you should contact your lender to arrange an extension before they try to take payment. Most payday loan lenders will charge you an extension fee and additional interest on your total outstanding balance. Some lenders will automatically renew or extend your payday loan if you do not make an agreed repayment. This is likely to cost you extra in additional fees, interest and charges. You should check your chosen lender’s approach to payday loan extensions before you apply.

Payday loan collection practices

If you fail to make an agreed repayment on a payday loan most lenders will contact you by phone, post or email to rearrange your repayment. If you repeatedly fail to make repayments then they may use collection practices or take legal action. You should familiarise yourself with the collection practices of your chosen payday lender before you apply.

Financial difficulty

If you are struggling to make repayments on a payday loan you should contact your lender right away. You can also get free advice from debt charities like StepChange, Citizens Advice Bureau and the National Debtline.

How to Compare Bad Credit Loans

by Martin from money.co.uk

Finding affordable loans for bad credit can be tricky & this can be an issue if you need to borrow money but have a less than perfect credit record. Here's how to compare payday loans for bad credit so you find the best deal.

How to Compare Bad Credit Loans

Borrowing money when you have a poor credit history can be difficult, especially if you are looking for a loan in a hurry.

However, there are a number of bad credit payday loans now available in the UK which could lend you money at short notice even if you have a bad credit record.

Here's how to compare instant loans for bad credit to ensure you're getting the cheapest deal on your borrowing possible.

Consider alternatives

Instant loans for bad credit may appear to be a convenient way to borrow money but they are also very expensive and unlikely to be a long term solution if you're struggling to manage your finances.

Even if you have a bad credit record there may be other alternatives which could be better for your finances. Read our guide How to Borrow Money With Bad Credit to run through your different financial options.

Decide what you need to borrow

Before you begin your search for a bad credit payday loan you need to decide exactly how much you need to borrow and how long you need to repay the money.

Due to the high cost of bad credit payday loans try and limit the amount you need to borrow to as little as possible.

It also makes sense to choose a loan period that will enable you to repay your debt in full within the shortest time frame to keep your costs down.

Compare prices

Once you've decided how much you need to borrow and how long you will need to pay your loan back you will need to look for the cheapest payday loan possible.

The main factor that determines the cost of any payday loan, including a loan for bad credit applicants is the interest rate.

All loan lenders display a representative APR which is an example of the interest your might pay over the course of 12 months.

However, as you are looking to borrow over a much shorter time scale you can also compare prices based on what you would have to repay if you borrowed 100.

Although you should avoid extending any payday loan beyond you original term, you may also want to check the extension fee, which is charged should you be unable to repay your loan on time. This is something you should avoid doing if at all possible as it's likely to cost you a significant amount.