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 APRLoan AmountMaximum TermRepayment for £100
793.8% APR£100 to £30026 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.
QuickQuid Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,999% APR£100 to £1,0003 monthsvaries
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.
Pounds to Pocket Short Term Loan
Representative APRLoan AmountMaximum TermRepayment for £100
278% APR£200 to £2,00012 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 APRLoan AmountMaximum TermRepayment for £100
1,058% APR£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% 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 APRLoan AmountMaximum TermRepayment for £100
1,392% APR (variable)£100 to £1,00010 monthsvaries
Use code MONEYQ10 to save 10% 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.
Purple Payday Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
2023% APR£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 2023% 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.
PiggyBank Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,355% APR£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% 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 APRLoan AmountMaximum TermRepayment for £100
1,737% APR£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% 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 APRLoan AmountMaximum TermRepayment for £100
1,737% APR£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% 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 APRLoan AmountMaximum TermRepayment for £100
2,327.87% APR£100 to £1,00018 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.
Tide u Over Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,734% APR£100 to £50039 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 APRLoan AmountMaximum TermRepayment for £100
3,943% APR£100 to £10018 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 APRLoan AmountMaximum TermRepayment for £100
2,670% APR£10 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% 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 APRLoan AmountMaximum TermRepayment for £100
2,670% APR£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% 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 APRLoan AmountMaximum TermRepayment for £100
299% APR£500 to £1,50018 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 APRLoan AmountMaximum TermRepayment for £100
1,999% APR£100 to £1,0003 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 APRLoan AmountMaximum TermRepayment for £100
1,999% APR£100 to £1,00030 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 APRLoan AmountMaximum TermRepayment for £100
1,999% APR£100 to £1,0002 months£159 over 60 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.
The Quick Cash Club Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
304% APR£50 to £75024 months£151.92 over 6 months
This loan requires a guarantor to back up your application.
Representative Example: The Representative APR is 304% APR so if you borrow £600 over 18 months at rate of 140% p.a. (variable) you will repay £81.13 per month and £1460.73 in total. The total charge for credit is £51.92.
Bluesea Payday Payday Loan
Representative APRLoan AmountMaximum TermRepayment for £100
1,974% APR£50 to £1,0006 months£125 over 30 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 1974% APR so if you borrow £50 over 30 days at a rate of 359% p.a (fixed) you will repay £64.75 in total.

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How to Find Online Loans for Bad Credit

by DanB from money.co.uk

If you're considering an online payday loan, it's really important to understand how to make sure you borrow safely and what the alternatives are even if you have bad credit.

Man Typing On Keyboard

Finding a loan online with bad credit is much easier than it used to be, but paying them back on time is as important as ever. We've looked into how they work, what the risks are and how to make the right choice for you.

How online loans work

Many lenders now operate online, meaning you can find deals without leaving the house and compare how much each will cost without contacting each lender direct.

When you've chosen your loan and applied for it, the money is then transferred to your current account.

You will have to pay back what you owe - including fees and interest - by the date specified, which is often within a month. The amount due is usually taken from your account automatically.

Who should consider payday loans?

The high interest rates and fees on payday loans mean that they cost more than most other types of borrowing, even if they're only taken out over the short term.

If you don't pay the money back on the date it's due but roll the loan over, this will push up the amount you owe with more interest and fees, making it far tougher to pay back.

Many lenders will set up a Continuous Payment Authority to use to claim the money you owe them on the repayment date. It lets them make two attempts to take funds straight from your account, meaning you could be left without money needed to pay more urgent bills.

Make sure you have enough in your account to cover the repayment; if not, contact the lender in advance to let them know you're struggling, in case there's a compromise they can offer, like giving you a little more time.

How to find the cheapest online loan for bad credit

There are plenty of alternatives to payday loans - credit cards, an authorised overdraft, borrowing from friends, a guarantor loan or a Credit Union or Budget Loan.

You can read more about the choices available in our guide, What is the Best Way to Borrow Money Until Payday?

If you decide to take out a payday loan, make sure you understand how much you'll be paying back and when, as you'll need to be able to afford to repay it and still have enough left to keep you going for the rest of the month.

The interest rate and fees are important as they will determine how much you pay back in total but you should look at the cost per 100 to get an idea of how one online bad credit loan provider compares to another.

You'll also need to make sure you're able to borrow the amount you require - keep your costs down by making sure you don't borrow more than you need. How much a lender will offer will be determined in part by your credit rating and what you can afford to pay back.