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 payday lenders that offer a decision within 1 hour.
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
No hidden fees. Borrow up to £1,500 and pay back over 1 - 6 months.
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.
sunny.co.uk Short Term Loan
Representative APR
1,295% APR
Loan Amount
£100 to £2,500
Maximum Term
14 months
Repayment for £100
£124 over 30 days
No early or late repayment fees and no admin fees. Fast, flexible loans from £100 up to £2,500.
Representative example: The Representative APR is 1,295% so if you borrow £400 over 6 months at 292% p.a. (fixed) you will repay 6 monthly instalments of £125.38 and £752.24 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
There are absolutely no extra fees or charges whatsoever. 97% of existing customers would use again.
Representative Example: The Representative APR is 603% APR so if you borrow £400 over 6 months at 140% p.a. (fixed) you will make 6 monthly payments of £113.33. You will pay £279.98 in interest and £679.98 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.
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.
MrLender.com Short Term Loan
Representative APR
1,269.6% APR
Loan Amount
£100 to £500
Maximum Term
6 months
Repayment for £100
£122.40 over 28 days
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.
SafetyNet Credit Short Term Loan
Representative APR
68.7% APR
Loan Amount
£50 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.
Wonga Short Term Cash Loan
Representative APR
1,509% APR
Loan Amount
£50 to £400
Maximum Term
41 days
Repayment for £100
£124 over 30 days
One off missed payment fee of £15.
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.
MYJAR Short Term Loan
Representative APR
1,272% APR
Loan Amount
£100 to £500
Maximum Term
3 months
Repayment for £100
£122.40 over 28 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 £300 over 90 days at 292% p.a. (variable) you will pay £154.23 in interest and repay £454.23 in total.
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 £1,000
Maximum Term
12 months
Repayment for £100
-
We have multiple loan products to suit your needs with interest rates ranging from 4.5% - 5.9% a month. Simple online application.
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
12 months
Repayment for £100
-
Wizzcash also offers 12 month loans.
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.
cashasap.co.uk Payday Loan
Representative APR
1,449% APR
Loan Amount
£20 to £300
Maximum Term
31 days
Repayment for £100
£122.25 over 28 days
Representative Example: The Representative APR is 1449% so if you borrow £160.00 over 15 days at rate of 290% p.a. (fixed) you will repay £179.07 in total. Total charge for credit £19.07.

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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 Instant Payday Loans

If you need to borrow money quickly applying for an instant cash loan could mean you get the money you need within the hour. However, many instant cash loans are very expensive so you need to look for the best deals to keep your costs down.

Needing to borrow money quickly can limit your options, especially if you need money within a few hours, but there are several lenders that offer loans for bad credit instant decision options in the UK.

Here's how to compare quick loans online so that your get the deal for your finances and keep the cost of your borrowing under control.

Consider the alternatives to instant loans for bad credit

Before you apply for an instant payday loan it makes sense to consider the other financial options available to you.

Although applying for a quick online loan seems a convenient way to borrow money at short notice, it is also very expensive so should only be used as a financial last resort.

The cheapest way to borrow money quickly isn't usually with an instant 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.

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.

Take a look at our guide: The Cheapest Way to Borrow Money Fast. This will give you a list of alternatives to bad credit instant loans when you need to borrow at short notice.

Decide how much you need to borrow

Knowing exactly how much you need to borrow and for how long before you start comparing instant pay day loans will enable to look for a loan best suited to your borrowing needs.

Calculate the minimum you need to borrow to meet your financial needs until pay day and avoid increasing the amount you apply for simply because it is on offer.

Compare the costs involved

Although you need to borrow money at short notice, you should still take the time to compare instant payday loan prices so your short term loan doesn't become a long term headache.

Look at the interest rates and fees applied by each payday lender and go for the option that costs you the least overall, whether that's with a broker, or direct with no brokers involved.

All of the payday loan providers listed in our instant payday loans UK comparison table offer instant decision loans and transfer the money into your account quickly, to speed up the process many are no credit check payday loans meaning you get a decision within minutes.

You can compare quick loans for bad credit online side by side, find the cheapest option, apply direct and get access to the money you need fast.

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