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.

This comparison includes featured direct payday loan lenders.
We are a comparison website that's authorised and regulated by the FCA as a credit broker. How our site works.
Lending Stream Loan
Representative APR
1272.0% APR
Loan Amount
£50 to £800
Maximum Term
6 months
Repayment for £100
£124 over 30 days
The Representative APR is 1272.0% APR so if you borrow £200 over 6 months at 292.0% p.a. (fixed) your first repayment will be £46.40 followed by £88, £78.40, £69.76, £59.84 and £49.28 the following months. You will repay £391.68 in total.
QuickQuid Payday Loan
Representative APR
1,270% APR
Loan Amount
£50 to £1,000
Maximum Term
3 months
Repayment for £100
£124 over 30 days
Representative Example: The Representative APR is 1,270% APR so if you borrow £100 over 30 days at 292% p.a. (fixed) you will repay £24 in interest and £124 in total.
sunny.co.uk Short Term Loan
Representative APR
757% APR
Loan Amount
£100 to £2,500
Maximum Term
14 months
Repayment for £100
£119.20 over 30 days
Exclusive interest rate of 19.2% per month available via money.co.uk on loans up to £950. T&Cs apply.
Representative Example: The Representative APR is 757% APR so if you borrow £400 over 6 months at 233.6% p.a. (fixed) you will repay 6 monthly instalments of £112.72 and £676.30 in total.
Wonga Short Term Loan
Representative APR
1,509% APR
Loan Amount
£50 to £400
Maximum Term
41 days
Repayment for £100
£124 over 30 days
Representative Example: The Representative APR is 1,509% APR so if you borrow £100 over 13 days at 292% p.a. (fixed) you will repay £10.40 in interest and £110.40 in total.
Satsuma Loans Short Term Loan
Representative APR
845% APR
Loan Amount
£100 to £1,000
Maximum Term
52 weeks
Repayment for £100
£140.01 over 13 weeks
Representative Example: The Representative APR is 845% APR so if you borrow £400 over 26 weeks at 140% p.a. (fixed) you will make 26 weekly payments of £26.15. You will pay £279.90 in interest and £679.90 in total.
Peachy Loans Short Term Loan
Representative APR
1255.66% APR
Loan Amount
£50 to £700
Maximum Term
12 months
Repayment for £100
£122.40 over 28 days
Representative Example: The Representative APR is 1255.66% APR so if you borrow £250 over 91 days at 292.25% p.a. (fixed) you will repay £126.48 each 30 days. You will repay £129.44 in interest and £379.44 in total.
MrLender.com Short Term Loan
Representative APR
1,269.6% APR
Loan Amount
£100 to £500
Maximum Term
6 months
Repayment for £100
£148.53 over 3 months
Representative Example: The Representative APR is 1,269.6% APR (fixed) so for a £500 loan, duration 5 months, (5 Payments, Payment 1-£220, Payment 2-£196, Payment 3-£172, Payment 4-£148, Payment 5-£124). Rate of interest 0.8% per day, 292% per annum (fixed). Total repayable £860.
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 £600 over 12 months at 140% p.a. (fixed) you will repay £95.37 per month. You will pay £544.44 in interest and £1,144.44 in total.
PaydayUK Loan
Representative APR
1,192% APR
Loan Amount
£100 to £650
Maximum Term
5 months
Repayment for £100
£138.56 over 60 days
Representative Example: The Representative APR is 1192% APR so if you borrow £320 over 2 months at 245.5% (fixed) you will repay £150.56 in interest and £470.56 in total.
PiggyBank Payday Loan
Representative APR
1,270% APR
Loan Amount
£100 to £750
Maximum Term
5 months
Repayment for £100
£122.40 over 28 days
Representative Example: The Representative APR is 1270% APR so if you borrow £250 for 30 days at 292% p.a (fixed) you will pay £60 in interest and £310 in total.
Different Money Short Term Instalment 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.
SafetyNet Credit Short Term Loan
Representative APR
68.7% APR
Loan Amount
£100 to £500
Maximum Term
-
Repayment for £100
-
Representative Example: The Representative APR is 68.7% APR based on borrowing £500 at 292% p.a. (variable). You will repay 0.8% interest per day up to a maximum of 40 days.
MYJAR Short Term Loan
Representative APR
1,272% APR
Loan Amount
£100 to £500
Maximum Term
3 months
Repayment for £100
£151.40 over 90 days
Representative Example: The Representative APR is 1,272% APR so if you borrow £300 over 90 days at 292% p.a. (variable) you will pay £154.23 in interest and repay £454.23 in total.
Next Credit Payday Loan
Representative APR
1,297% APR
Loan Amount
£100 to £300
Maximum Term
28 days
Repayment for £100
£122.40 over 28 days
Representative Example : The Representative APR is 1297% APR so if you borrow £100 over 28 days at 292% p.a. (fixed). You will pay £22.40 in interest and £122.40 in total.
Quidie Online Lending Payday Loan
Representative APR
1,269.7% APR
Loan Amount
£100 to £400
Maximum Term
38 days
Repayment for £100
£124.00 over 30 days
Representative Example: The Representative APR is 1269.7% so if you borrow £100.00 over 30 days at rate of 292.2% p.a. (fixed) you will repay £24 interest and £124 in total.
Creditstar Short Term Loan
Representative APR
1,269.72% APR
Loan Amount
£100 to £300
Maximum Term
30 days
Repayment for £100
£124 over 30 days
Representative Example: The Representative APR is 1269.72% so if you borrow £100.00 over 30 days at rate of 292% p.a. (fixed) you will repay £124 per month and £124 in total. Total charge for credit £24
Tide u Over Payday Loan
Representative APR
452% APR
Loan Amount
£100 to £500
Maximum Term
31 days
Repayment for £100
£116 over 31 days
Representative Example: The Representative APR is 452% APR so if you borrow £200 over 28 days at 182.5% p.a. (fixed) you will repay £28 in interest and £228 in total.
Balmoral Financial Short Term Loan
Representative APR
98.33%
Loan Amount
£200 to £2,000
Maximum Term
24 months
Repayment for £100
-
Representative Example: The Representative APR is 98.33% so if you borrow £400.00 over 5 months at rate of 70.8% p.a. (fixed) you will repay £94.64 per month and £473.18 in total. Total charge for credit £73.18.
Wizzcash Short Term Loan
Representative APR
993% APR
Loan Amount
£200 to £300
Maximum Term
3 months
Repayment for £100
-
Representative Example: The Representative APR is 993% APR so if you borrow £200 over 90 days at 264% p.a. (fixed) you will repay £97.06 per month. You will pay £91.18 in interest and £291.18 in total.

money.co.uk, Dot Zinc Limited, 160 Fleet Street, London. EC4A 2DQ. We are a Credit Broker for all consumer credit products promoted on money.co.uk.

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.

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 Find Direct Payday Loan Lenders

Payday loans can be tempting if you have bad credit and need cash urgently. Some are offered via brokers, who will apply on your behalf; we've looked at why you might prefer to apply to lenders directly as well as some alternatives to payday loans.

What are direct payday loans?

Many of the payday loan companies you'll find on the internet aren't actually direct lenders themselves; many are brokers that take your details, search their panel of payday lenders and apply on your behalf, pocketing a share of the commission.

Using a direct lender instead of a broker means you know what company you're dealing with, making it easier to look into their reputation, how they conduct themselves and if they're regulated.

You can also make an informed decision about cost - some brokers will pass your application to the company that pays them most commission, rather than the one that gives you the cheapest deal.

It will also avoid multiple searches on your credit file, which can sometimes happen when you apply through some brokers.

We work with the payday loan brokers within our comparison to ensure that they only pass applications made via money.co.uk to regulated payday lenders who don't charge an upfront fee so that you get some reassurance about the service you're going to get.

Should you get a payday loan even from a direct lender?

Payday loans can come with high interest rates and fees, meaning that your debt can increase if you don't repay it quickly.

Missing repayments can impact your credit rating too, making you look unreliable to lenders you want to use in the future. Just seeing that you've previously taken out a payday loan can put off some lenders, even if you've managed to meet the repayments.

There are some less risky ways to borrow money, even with bad credit. Our guide looks at some alternatives: What is the Best Way to Borrow Money Until Payday?

If you decide that a payday loan is your only option, you'll need to decide how much you want to borrow and when you can pay it back, as the amount and term each lender can offer you will differ, as will the cost.

When you've chosen a lender and your application is complete, they will transfer the cash to your account.

How to find the right direct payday loan

In general, the longer you borrow the money for, the more it will cost you to pay it back.

Check each lender's terms so you know how long you have to repay the loan. You'll want to pay it back as quickly as you can, but make sure you have enough time to get the money together to repay so you avoid rolling the loan over, as this will be very costly.

You'll need to compare the interest rate, total cost and fees charged for each loan too, as you'll pay back less if these are lower.

Featured guide

Payday loans - are they ever worth it?

Payday loans can give you enough money to tide you over till your next pay cheque clears, but at great cost. We look at whether it's ever worth taking one out, and if so, how to find the one that'll give you the cheapest cash.

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